Washington, February 22: According to a report by The Wall Street Journal, U.S. President Donald Trump has raised the recently implemented global tariff to 15%, referencing Section 122 of the 1974 Trade Act. This decision comes just a day after the U.S. Supreme Court invalidated significant portions of his previous tariff provisions.
In a post on Truth Social, Trump stated, “This increase follows a thorough, detailed, and complete review of the absurd and extraordinarily anti-American tariff-related decision issued by the Supreme Court.”
He further added, “As President of the United States, I am immediately raising the 10% global tariff on countries that have been robbing America for decades without any penalties.”
Trump indicated that in the coming months, his administration would establish and announce new, legally valid tariffs that would continue the extraordinarily successful process of making America great again.
The Wall Street Journal noted that the 15% tariff is being imposed under Section 122 of the 1974 Trade Act. This provision allows the president to impose tariffs of up to 15% for 150 days unless Congress approves an extension.
The Journal also reported that Section 122 has never been used to impose tariffs before and is intended to apply universally to all imports rather than targeting specific countries.
In another report, The Wall Street Journal mentioned that the Supreme Court’s 6-3 decision rejected the administration’s argument that the International Emergency Economic Powers Act grants broad authority to impose tariffs.
According to The Washington Post, Chief Justice John G. Roberts Jr. stated in the majority opinion that the president cannot impose tariffs on imports from any country, on any product, at any rate, for any duration under that law.
Following this, Trump expressed his disappointment on Truth Social, writing, “The Supreme Court’s decision on tariffs is extremely disappointing. I am ashamed of some members of the court for lacking the courage to do what is right for our country.” However, he also thanked Justices Thomas, Alito, and Kavanaugh for their “strength, wisdom, and love.”
The New York Times reported that Trump initially set the replacement global rate at 10%, which was later increased to 15%, the maximum rate allowed by law.
The Washington Post highlighted that the Supreme Court’s ruling invalidated tariffs that had generated over $130 billion in import revenue, raising questions about potential refunds and creating new uncertainties for companies and foreign governments.
According to The Journal, items subject to national security tariffs include steel and automobiles, which will not incur the additional 15% charge.
The New York Times noted that governments that previously made concessions under tariff pressure may now reassess their positions as Washington redefines its legal basis.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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