Following a ruling by the U.S. Supreme Court, President Donald Trump has raised tariffs on goods imported into the United States from around the world. After the court’s decision to nullify all previous tariffs imposed by Trump, he announced that the tariff would be increased from 10% to 15%. This announcement came just one day after the Supreme Court struck down the earlier import tariff policy proposed by the Trump administration. Previously, Trump had indicated that, in place of the annulled tariffs, a 10% tax would be applied to all imported goods. The new tariff rate will come into effect immediately.
In his statement, Trump criticized the Supreme Court’s ruling as “extraordinarily anti-American.” He further stated that within a few months, a new legally valid customs structure would be established, claiming that it would strengthen the “Make America Great Again” campaign. With Trump’s latest announcement, there is growing concern in the international trade sector and the U.S. market about the potential reactions to this new development.
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