Supreme Court, Trump and impose tariffs
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A pair of rulings on tariffs and National Guard deployment mark the justices’ first major decisions against the president. More may be coming.
President Donald Trump on Saturday said that he was hiking his newly-announced global tariff to 15%, less than one day after announcing a 10% worldwide duty. On Friday, Trump announced the blanket 10% import tax for all foreign trading partners after most of his sweeping tariffs were struck down by the Supreme Court.
Supreme Court limits Trump's tariff powers as trade duties surge 300% since his return, generating $124 billion in revenue but raising consumer concerns.