Trump Announces 15% Global Tariffs After Supreme Court Strikes Down Previous Levies

In Brief

President Trump raises global tariffs to 15% following Supreme Court ruling against earlier tariffs.

Key Facts

• President Trump raised global tariffs to 15% after Supreme Court struck down previous tariffs.
• Businesses are seeking repayment for an estimated $133 billion collected under earlier tariffs.
• The Supreme Court ruled against Trump's prior sweeping tariff policies last week.
• Trump signed a proclamation to impose new tariffs following the court's decision.
• Trump criticized the Supreme Court and stated he would use other authorities for tariffs.

What Happened

President Trump announced new global tariffs of 15% on imports after the Supreme Court struck down his earlier tariff policies. He signed a proclamation to implement the new tariffs and criticized the Supreme Court's decision. Businesses are seeking repayment for funds collected under the previous tariffs.

Why It Matters

The new tariffs may affect American businesses and global trade, with companies seeking refunds for previously collected tariffs. The Supreme Court's ruling has prompted the administration to pursue alternative legal strategies for imposing tariffs, potentially impacting economic relations and policy debates.