by Sarah Min, CNBC
President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his “reciprocal” tariffs.
The new tariffs will be “effective immediately,” Trump said in a Truth Social post.
“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,” he wrote.
In his social media post, Trump also warned that additional tariffs would follow.
“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs,” he wrote.
