Trump says will raise global tariff rate from 10pc to 15pc

WASHINGTON: US President Donald Trump announced on Saturday that he will raise the temporary global tariff rate on imported goods from 10 per cent to 15 per cent, a move aimed at reinforcing US trade policy following a ruling by the US Supreme Court limiting his earlier tariff actions.

The increase comes just a day after the court struck down parts of Trump’s broad tariffs imposed under an economic emergency law, ruling that the president lacked statutory authority to impose sweeping import taxes without Congress. In response, Trump said the higher rate would be implemented using other legal provisions under US trade law, including the Trade Act of 1974, allowing the administration to continue pursuing its protectionist agenda.

Trump framed the move as part of a strategy to rebalance international trade and strengthen domestic industries, emphasising that a uniform tariff would correct trade imbalances and generate additional revenue for the country. He added that nations maintaining favourable relations with the United States could expect more flexible treatment in future negotiations.

The original 10 per cent global tariff had been announced just days ago, and the swift move to increase it to 15 per cent signals a more assertive and expansive US trade policy, with implications for trading partners around the world. Trump also cited early signs of economic momentum, including increased industrial output and hiring in states like Georgia, as evidence that the tariffs are helping support domestic growth.

Analysts warn that the higher tariff could heighten tensions with international trade partners and disrupt global supply chains, even as the president maintains that it is a critical tool to secure fairer treatment for U.S. businesses and workers.