Feb 21 β€’ 17:10 UTC πŸ‡ΊπŸ‡Έ USA Fox News

Trump raises global tariff to 15%

President Trump has announced an increase in the global tariff to 15% following a recent Supreme Court ruling.

On Saturday, President Donald Trump declared an increase in the global tariff from 10% to 15%, a move he attributed to a recent Supreme Court ruling he deemed 'ridiculous' and 'anti-American'. The announcement, made via his Truth Social platform, expressed his frustration with the Court's decision, stating that it warranted immediate action to protect U.S. interests against what he described as long-term exploitation by other countries. He emphasized that this change comes after much deliberation and is part of his ongoing efforts to 'Make America Great Again'.

Trump's message also indicated that the administration will be reviewing and announcing new tariffs in the coming months, which he contended would further bolster the United States’ economic position on the global stage. He portrayed this tariff hike as a necessary step for retribution against countries that he claims have taken advantage of the U.S. for decades without consequence. The language used in his statement underscores his administration's combative stance on trade and tariffs, directly linking domestic and international economic policies to his political narrative.

This tariff increase could have significant implications for global trade relations, potentially escalating tensions with trade partners and affecting American consumers and industries that rely on imported goods. As Trump positions himself and his administration in this proactive manner, his supporters might view the move favorably, while critics may warn of potential retaliatory actions from affected countries, further complicating an already tenuous international trade environment.

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