Trump pivots to 15% global tariffs after SCOTUS ruling

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Source: CBS News
Trump pivots to 15% global tariffs after SCOTUS ruling
Photo: CBS News
TL;DR Summary

President Trump says he will raise the global tariff from 10% to 15% after the Supreme Court voided the prior authority; the 15% levy would be temporary (up to 150 days) under the Trade Act of 1974 and could be expanded under other laws, with analysts noting such tariffs could raise costs for American households (Yale Budget Lab estimates about $1,315 per year).

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