Trump raises global tariffs to 15% one day after Supreme Court decision

(Courtenay Brown – Axios) President Trump said on Saturday that he would hike global tariffs to 15%, one day after the Supreme Court ruled a bulk of import taxes were illegal. Why it matters: The administration moved swiftly to replace the tariffs scrapped by the nation’s highest court. Now Trump is upping the ante by raising the tariffs to the highest limit allowed under a separate trade law. What they’re saying: In a post on Truth Social, Trump said that he would be raising the 10% global tariff to the “fully allowed, and legally tested, 15% level.” – Trump raises global tariffs to 15% day after Supreme Court decision