(Dan McCaleb and Brett Rowland, The Center Square) President Donald Trump on Saturday said he would raise global tariffs to 15%. The announcement on social media comes a day after the U.S. Supreme Court struck down his use of a 1977 law to impose tariffs on imports from around the world.
“Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote Saturday on social media.
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