AfriPulse
US President Donald Trump has raised global tariffs on goods
imported from 10 percent to 15 percent.
The decision, announced on Saturday in a Truth Social post,
comes one day after the US supreme court struck down his previous sweeping
global tariffs.
Trump said he was “absolutely ashamed” of some of the
justices who voted in favour of rescinding his order.
He doubled down on his stance in his Saturday post, calling
the court’s decision “ridiculous, poorly written, and extraordinarily
anti-American”.
“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 said.
The US president said his administration will determine and
issue the new tariffs in the next “short number” of months.
The tariffs were meant to take effect on February 24, before
the Supreme Court affirmed a lower court’s finding that Trump’s reliance on the
1977 International Emergency Economic Powers Act (IEEPA) to introduce the
tariffs was unlawful.
In a 6–3 decision, the court ruled that Trump overstepped
his authority by invoking a law designed for national emergencies to impose
broad import taxes without congressional approval.
However, the decision allowed some tariffs on specific goods
from certain countries to remain in place — potentially giving the
administration a path to restructure parts of its trade policy.
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Source: NigerianEye | Read the Full Story…
