The president of the United States, Donald Trumpannounced this Saturday that global tariffs will increase from 10% to 15% that was imposed this past Friday in retaliation to Supreme Court ruling of the country against its current tax policy.
“After an exhaustive, detailed and complete review of the ridiculous, poorly worded and extraordinarily un-American tariff decision issued yesterday,” Trump announced in reference to the Court’s decision, “I will, with immediate effect, increase the global tariff from 10% to the fully permitted and legally verified level of 15%.”
The Supreme Court ruled this Friday against tariffs initially enacted by Trump under the International Emergency Economic Powers Act (IEEPA), in what marked Donald Trump’s biggest defeat to date since his return to the White House.
In a press conference a few hours after the decision, Trump raged against the court and the judges conservatives who joined the ruling against his tariffs, especially against Neil Gorsuch and Amy Coney Barrett, nominated by the president himself during his first term.
The fact is that although the Supreme Court invalidated the effect of the original tariffs under that law, Trump has ordered these new liens under another instrument such as Section 122 of the Trade Law of 1974, which enables the president to impose maximum tariffs of 15% for an initial period of 150 days.
After that time, however, the tariffs can only be extended with the consent of the US Congress.
As he denounced when he imposed the original tariffs, Trump has insisted that these levies They are directed at countries that have been “defrauding” their country for decades, “without any retaliation.”
Trump now has a period of five months to, as he himself commented in the message, “determine and announce new legally permitted tariffs” so that “America remains greater than ever.”
