President Donald Trump vowed Saturday to raise worldwide tariffs to 15 percent “effective immediately,” in a Truth Social post.
On Friday, the U.S. Supreme Court ruled that Trump’s sweeping global tariffs, ushered in under the International Emergency Economic Powers Act, were unlawfully imposed. The president had used the act to charge huge levies on countries, including 50 percent on India, which was later reduced, and 34 percent on China.
