India, Feb. 22 -- US President Donald Trump raised his newly imposed global tariff to 15% on Saturday, maxing out the statutory ceiling of the legal provision he had invoked just a day earlier - and signalling that steeper levies were on the way.
In a post on Truth Social, Trump said he was raising the 10% worldwide tariff he had imposed under Section 122 of the Trade Act of 1974 "effective immediately" to the "fully allowed, and legally tested, 15% level." He called Friday's Supreme Court ruling that had struck down his original tariff regime "ridiculous, poorly written, and extraordinarily anti-American."
The move comes less than 24 hours after the Supreme Court's 6-3 ruling that Trump's use of the International Emergency Economic Pow...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.