Trump still tries to raise tariffs to 15 percent
US President Donald Trump is attempting to raise global temporary import tariffs from 10% to 15%, despite fluctuating tariff levels following a Supreme Court ruling.
US President Donald Trump continues his efforts to elevate global temporary import tariffs from the current 10% to 15%. According to a White House official who spoke to Reuters, this decision comes in the wake of the Supreme Court ruling that deemed some of Trump's previously set tariffs illegal. Tariff levels have been changing daily, reflecting the ongoing uncertainty surrounding trade policies and their legal standings.
After the Supreme Court's ruling, Trump announced on Saturday that a new global 10% tariff would be implemented, but he quickly raised it to 15%. However, just a day later, officials reverted to stating the tariff level was again 10%. Despite this oscillation, the White House official emphasized that Trump's intention remains to enforce the 15% tariff, although they could not provide a timeline for when this would officially take effect.
The continuous changes in the import tariff rates are causing significant challenges for American import companies, who are left to navigate an unpredictable market. The US Customs Office is unable to adjust the amount of tariffs collected until they receive formal notification about the new rates, indicating that the situation is in flux and may lead to further complications in trade relations.