After yesterday's tariff play - Trump raises tariffs again
Donald Trump announced plans to increase tariffs from 10% to 15% in response to a Supreme Court ruling against his previous tariffs, expressing his frustration on social media.
Following a Supreme Court ruling that deemed the tariffs imposed by Donald Trump in 2025 illegal, Trump has vowed to escalate the tariff conflict by raising the rates from 10% to 15%. He expressed his anger via a post on Truth Social, stating that many have been 'cheating' the U.S. for decades and labeled the court's decision as a national shame during a press conference. The ruling has prompted a significant reaction from Trump, who indicated that he would push through new tariffs beyond the existing ones.
In his social media announcement, Trump also pledged that his administration would formally establish and implement these new legal tariffs within the coming months. This escalation in tariffs indicates a continued combative approach toward trade, reflecting both his administration's long-term stance on tariffs and an attempt to reclaim the narrative following the Supreme Court's decision.
This decision to raise tariffs further complicates the already contentious trade landscape and threatens to impact various sectors of the economy. Analysts now speculate on the potential backlash from affected countries and industries, as well as the implications for U.S. consumers facing increased prices on imported goods.