Feb 21 • 16:34 UTC 🇱🇹 Lithuania 15min

Donald Trump has announced increasing global tariffs on US imports from 10 to 15 percent

Donald Trump announced a rise in tariffs on US imports following a Supreme Court decision limiting his tariff-setting powers.

Donald Trump revealed plans to increase global tariffs on imports to the United States from 10 percent to 15 percent. This announcement comes as a response to a recent U.S. Supreme Court ruling that determined he had exceeded his authority in setting a significant portion of tariffs and blocked a key tool used in implementing his economic agenda. This decision was described by Trump as 'exceptionally anti-American.'

In his statement on social media platform Truth Social, Trump indicated that the tariffs would be raised to a purely permissible and legally validated level of 15 percent. The move appears to be an attempt to assert control over the trade policy after facing setbacks from the judiciary. This tariff increase could significantly impact various sectors of the U.S. economy, potentially affecting prices and trade relations.

Trump's announcement highlights the ongoing tension between the executive branch's aims in trade policy and judicial oversight. As trade relationships continue to evolve in a globally interconnected economy, the implications of these tariff changes may lead to escalating trade conflicts, not only with specific countries but across broader markets, amplifying calls for a reevaluation of U.S. trade strategies moving forward.

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