After court ruling, Trump says US global tariff rate will rise from 10% to 15%
(VOVWORLD) - President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on US imports from all countries, the maximum level allowed under the law, after the US Supreme Court struck down his previous tariff program.
The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court's decision.
The new levies are grounded in a separate law, known as Section 122, that allows tariffs up to 15% but requires congressional approval to extend them after 150 days.
In a social media post on Saturday, Trump said he would use the 150-day period to work on issuing other "legally permissible" tariffs. The administration intends to rely on two other statutes that permit import taxes on specific products or countries based on investigations into national security or unfair trade practices.
The Section 122 tariffs include exemptions for certain products, including critical minerals, metals and energy products, according to the White House.