Trump raises global import tariffs to 15% following Supreme Court ruling

President Trump announced on Truth Social that he is raising the global import tariff rate from 10% to 15%, effective immediately, after the U.S. Supreme Court struck down his earlier "reciprocal tariffs" and fentanyl-related tariffs as unauthorized under the International Emergency Economic Powers Act. Trump is now invoking Section 122 of the Trade Act of 1974, which allows temporary tariffs of up to 15% on all imports for up to 150 days in cases of trade imbalance, a provision never previously used and requiring congressional approval for extension. The tariff applies to all global imports with potential exemptions for critical goods such as energy and key minerals, Trump said, adding that additional "lawful tariff measures" will be rolled out in coming months.