US President Donald Trump on Saturday announced an increase in the proposed global tariff rate from 10 per cent to 15 per cent, sharply criticising a recent US court ruling and calling it “anti-American".
In a post on his social media platformTruth Social, Trump said the higher tariff would take effect immediately. He accused several countries of exploiting the US for decades and claimed the revised rate was legally sound.
“As President of the United States, I will be raising the worldwide tariff from 10% to the fully permitted and legally tested 15% level," Trump wrote, adding that the move was aimed at countering what he described as unfair trade practices.
Reacting to the court ruling earlier, Trump said his administration would invoke Section 122 of US trade law to impose a blanket global tariff, while also relying on Section 301 to launch investigations into countries accused of engaging in unfair trade behaviour, a step that could pave the way for additional duties.
“Effective immediately, all national security and existing trade tariffs will stay in place," Trump said, adding that a fresh order would formalise the global tariff under Section 122 in addition to existing duties.
Source: World News in news18.com, World Latest News, World News
