Trump Imposes 15% Tariff on Global Imports After Supreme Court Overturns Previous Levy
Washington D.C. US President Donald Trump has announced a 15 percent customs duty on goods entering the US from around the world, challenging a Supreme Court ruling. Enraged after the court struck down a previous import tax imposed by him, Trump has chosen a new legal path, increasing the tax rate.
He announced on Saturday via the social media platform 'Truth Social' that he had increased the previously announced 10 percent duty to 15 percent. Trump found this temporary solution by utilizing Section 122 of the Trade Act of 1974.
Under this law, the government can implement such a duty for approximately five months without the permission of Congress. The Supreme Court had previously overturned the tax imposed by Trump using the International Emergency Economic Powers Act by a 6-3 majority, deeming it outside his jurisdiction.
Trump strongly criticized the court's decision, calling it 'ridiculous, weak, and anti-American.' This new decision by Trump has created uncertainty, especially as agreements for a 10 percent duty were already in place with countries like the UK and Australia.
Trump claims this new tax system, set to take effect from February 24, will reduce the US trade deficit. However, according to statistics, the US trade deficit has recently reached a new high of $1.2 trillion.
After judges he himself appointed ruled against him, Trump called the court members 'fools' and has taken a firm stance on advancing his second-term agenda by any means necessary. Stance
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