US President Donald Trump says he will increase his newly announced 10 percent tariff on many countries to 15 percent.
In a social media post on Saturday, Trump wrote that he “will be, effective immediately, raising the 10% Worldwide Tariff on Countries…to the fully allowed, and legally tested, 15% level.”
Trump signed an order on Friday to impose the 10 percent duty under Section 122 of the Trade Act. The move came after the Supreme Court struck down his sweeping global tariffs earlier in the day.
In the 6-3 decision, the court ruled that Trump exceeded his authority in invoking a federal emergency law to impose the levies. The law is called the International Emergency Economic Powers Act.
It lets the president regulate imports and exports, after declaring a national emergency, to deal with “any unusual and extraordinary threat.”
The ruling addresses most of Trump’s tariffs. It includes those targeting a wide range of goods from many countries and regions, including Japan. It also covers additional ones imposed on China, Canada and Mexico related to fentanyl.
The court did not rule on duties on automobiles and auto parts, as well as steel and aluminum because they were imposed under separate laws.
The case landed at the Supreme Court after lower courts ruled against the tariffs.
In the Saturday post, Trump described the court decision as “ridiculous, poorly written, and extraordinarily anti-American.”
AloJapan.com