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#TrumpAnnouncesNewTariffs The President of the United States, Donald Trump, announced on Saturday that he will increase the global tariff rate. The new rate will be 15%. The Supreme Court had struck down some parts of the emergency tariff program. Following this, Trump implemented a temporary tariff of 10%. Markets responded positively to the legal decision. However, just one day later, trade tensions escalated again.
The Supreme Court ruled with a 6-3 vote. The International Emergency Economic Powers Act (IEEPA) does not grant the president comprehensive authority to impose tariffs. The decision strengthened Congress’s role in tax and trade policy.
Trump posted on Truth Social, saying: "As President of the United States, I am increasing the worldwide tariff rate by 10%. The new rate will be a fully permitted and legally tested 15%. This will take effect immediately." He added that many countries have been exploiting the U.S. for decades.
The high tariff will take effect immediately. Under current trade law, it can be applied for up to 150 days. However, this move may face legal challenges.
Markets initially responded positively to the Friday decision. Apparel and retail stocks rose. Investors anticipated a reduction in tariff pressure. Analysts said the decision could temporarily ease inflation concerns. Reduced trade uncertainty could support risky assets.
However, experts warned that the optimism might be short-lived. Analysts noted that the White House is exploring alternative legal routes, including Section 122 and Section 301 tariffs. Despite the court’s blockage, policy uncertainty may continue.
Some strategists highlighted unresolved issues regarding tariff refunds. Refunds could exceed $175 billion. This could have broad implications for fiscal policy and market liquidity.
The statement once again underscored the importance of trade tensions. The Supreme Court limited one of the government’s key legal tools. Nevertheless, trade tensions remain a central macro risk for investors. Markets will closely watch new policy moves in the coming weeks.
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