President Donald Trump has declared an increase in the global tariff on foreign goods from 10% to 15%, following a recent decision by the United States Supreme Court that deemed his method for applying tariffs illegal. This decision was a significant setback for Trump as he had recently imposed a 10% tariff, intending to protect American interests and address trade imbalances he asserts have existed for decades. In a statement on social media, Trump labeled countries benefiting from what he sees as unfair trade practices as 'stealing' from the United States.

The new tariff structure is now based on Section 122 of the Trade Act of 1974, which allows him to impose tariffs for a limited period of 150 days without congressional approval. Trump's remarks emphasized that he views this as a legally sound move catering to American economic welfare, particularly as he navigates criticisms of his trade policies. The increase from 10% to 15% is a reflection of his aggressive stance on international trade and his administration's efforts to renegotiate trade agreements perceived as unfavorable.

This move may lead to heightened tensions between the United States and its trading partners, as well as potential retaliatory measures from countries impacted by the tariffs. The implications of such tariffs could affect global markets and international relations, particularly in light of the ongoing discussions about trade and economic policies during a complex period marked by previous negotiations and trade disputes. Overall, Trump's decision signals a continuation of his confrontational approach to trade that has defined much of his administration's agenda, with potential ramifications for the future of global trade relations.