Trump: "Global import tariffs" increased from 10% to 15%
Trump announced that the "global import tax" rate imposed on goods imported into the United States will be increased from 10% to 15%, "effective immediately".
On the 21st, President Trump of the United States announced on social media that the "global import tariffs" imposed on goods entering the US would increase from 10% to 15%, "effective immediately".
Trump stated that, based on a review of the decision of the US Supreme Court, the tariff rate for "import tariffs from multiple countries around the world" would be raised from 10% to 15% immediately. In the coming months, the US government will determine and announce new "legal tariffs."
The US Supreme Court announced a decision on the 20th, ruling that the US International Emergency Economic Powers Act did not authorize the President to impose large-scale tariffs. This means a major setback for the Trump administration's tariff policy. Later that day, Trump signed an executive order to confirm the termination of the related tariff measures introduced under the International Emergency Economic Powers Act.
Also on the 20th, following the announcement of the Supreme Court's ruling, Trump announced that, based on Section 122 of the Trade Act of 1974, a "global import tariff" of 10% would be imposed for 150 days to replace the tariffs deemed illegal by the Supreme Court. According to reports from US media, this provision had never been used before, allowing the government to impose tariffs of up to 15% in cases of trade imbalances with other countries, with a maximum duration of 150 days unless approved by Congress.
Trump also stated that all tariffs imposed by the US under the guise of "national security" and those imposed under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974 would remain in effect.
US Trade Representative Jamison Greer, in an interview with Fox News Channel on the 20th, stated that trade agreements already reached with other countries must be adhered to, even if the agreed tariff rates are higher. He gave an example that the tariff rate for goods entering the US from Malaysia and Cambodia will remain at 19%.
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