President Donald Trump announced on Saturday that he is immediately raising the worldwide tariffs he imposed on Friday from 10 percent to 15 percent.
Trump unveiled the new tariff rate in a post on Truth Social:
Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that 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 added that his administration “will determine and issue the new and legally permissible Tariffs” in the months ahead.