Source: Reuters (via feed)
President Donald Trump announced on Saturday that he will increase the temporary global tariff rate on imported goods from 10% to 15%. This comes after the U.S. Supreme Court ruled against tariffs that Trump had imposed under an economic emergency law. The tariffs were originally set at 10%. Trump disclosed this change in a public statement.
The tariffs affect a wide array of imported goods globally. The decision to raise the rate is meant to maintain pressure amid trade disputes. Meanwhile, no specific timeline was provided for when the increase will take effect. The Supreme Court’s ruling limited Trump’s previously implemented tariff strategy. As a result, this tariff adjustment marks a new approach in the ongoing trade policy.
Despite this development, details about the specific goods affected were not provided. The move signals a continued focus on trade and economic policy by the Trump administration.
Changes to global tariffs directly influence international trade costs and supply chain strategies for businesses worldwide.
