President Donald Trump announced Saturday an increase in the global tariff rate on imports from 10 percent to 15 percent. The change — which comes just a day after the administration was forced to restructure due to a controversial Supreme Court ruling — took effect immediately and applies to goods imported from most countries.
The announcement came one day after the U.S. Supreme Court issued a 6-3 ruling on in the consolidated cases Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections, Inc. The Court held that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to impose tariffs.