US Raises Trump Tariffs to 15% After Supreme Court Ruling
The US government escalated its trade policy by increasing global tariffs to 15%, a significant jump from the initially proposed 10%. This adjustment follows a Supreme Court decision deeming previous tariff actions under the International Emergency Economic Powers Act (IEEPA) unlawful. President Donald TRUMP announced the immediate implementation via his Truth Social platform, grounding the new rate in Section 122 of the Trade Expansion Act of 1962.
Legal constraints now cap tariffs at 15% for five months, with potential congressional extensions. The administration pledges further tariff measures in coming months, all bound by judicial limits. Market watchers anticipate Ripple effects across global trade flows, though cryptocurrencies remain peripheral to this fiscal policy shift.
