In a move following a controversial ruling by the U.S. Supreme Court declaring his administration's mutual tariffs illegal, former President Donald Trump announced on the 21st that he would raise global uniform tariffs from 10% to 15%. This change comes just a day after Trump had proposed a 10% tariff as a new legal basis for imposing duties on foreign nations he claims have exploited the U.S. economy for decades. He expressed his determination to impose a legally validated tariff that he believes would protect American interests against foreign manipulation.

Trump's announcement via social media emphasized that the increase to 15% would primarily target nations he accuses of taking advantage of the U.S. This 15% rate is seen as a significant jump but, notably, is still lower than historical tariff rates under previous mutual tariffs imposed by the Trump administration. The possible repercussions of this tariff hike are expected to vary among affected countries, with some nations potentially facing heavier tax burdens than others. As the international trade landscape constantly evolves, this development could lead to renewed tensions in U.S. relations with key trading partners.

This increase in tariffs raises questions about the economic impact on both the U.S. and global economies, especially as reactions from other nations unfold. The Supreme Court's ruling and Trump's subsequent tariff policy shift reflect ongoing debates over trade practices and protectionist measures in U.S. policy. As the situation progresses, it will be crucial to monitor international reactions and any retaliatory policies that may arise from affected countries, which could further escalate trade tensions and impact global markets.