<2> Trump Raises Global Tariffs to 15 Per Cent in Wake of Supreme Court Loss
<3> President Continues Attack on Judges Amid Escalating Trade Tensions
<4> In a move that has sent shockwaves through the global economy, President Trump has announced that he will raise tariffs on US trading partners to 15 per cent, effective immediately. This decision comes in the wake of a Supreme Court ruling that dealt a significant blow to the President’s efforts to impose tariffs on imported steel and aluminum.
<5> The President’s move is seen as a response to the Supreme Court’s decision, which held that the President’s authority to impose tariffs under Section 232 of the Trade Expansion Act of 1962 is limited by Congress. The ruling was a major setback for the President, who had sought to impose tariffs on imported steel and aluminum in an effort to protect US industries.
<6> In a statement, the President said that the Supreme Court’s decision was “a disaster” and that he would not be bound by it. He also attacked the judges who made the decision, saying that they were “not very smart” and that they had “made a terrible mistake.”
<7> The President’s announcement has sent shockwaves through the global economy