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Washington, Feb 21 (AP) President Donald Trump said Saturday that he was raising the global tariff he wants to impose to 15 per cent, up from 10 per cent he had announced a day earlier.
Trump said in a social media post on that he was making the decision “Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday,” by the US Supreme Court.
After the court ruled he didn't have the emergency power to impose any sweeping tariffs, Trump signed an executive order on Friday night that enabled him to bypass Congress and imposed a 10 per cent tax on imports from around the world.
The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively. (AP) NPK NPK
Presidential tariff authority contested; executive order raises global import tariff after review of recent legal limitation. After a judicial ruling that his emergency powers did not authorize sweeping tariffs, the President signed an executive order bypassing Congress to impose a temporary global import tax limited to 150 days unless extended by legislation; following review of the court decision he announced an upward adjustment to the proposed global tariff rate.Press 'Enter' after typing page number.