Trump Announces Global Import Tax Increase from 10% to 15%, Criticizes Supreme Court Decision

Trump announced a global import tax increase from 10% to 15% following a US Supreme Court decision on February 19 that ruled his previous tariff measures using the International Emergency Economic Powers Act (IEEPA) as an overreach of executive power. The new tax rate is the highest allowed under Section 122 of the 1974 Trade Act, which Trump will implement for 150 days. He criticized the Supreme Court justices who voted against his tax measures as 'foolish' and 'shameful', vowing to continue implementing the tariffs despite legal challenges.