BREAKING: Trump announces increase in global tariff rate

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Following the Supreme Court’s 6-3 ruling on Friday, which blocked the Trump administration from applying tariffs against other countries through the International Emergency Economic Powers Act (IEEPA), President Trump announced he would add a 10% global tariff through a different section of the law.

However, Saturday morning, the president announced in a Truth Social post that the 10% tariff has just been increased to 15%.

Trump wrote:

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.

During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again – GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter. President DONALD J. TRUMP

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