AssetID: 55500046
Headline: UNCAPTIONED: Trump Announces 15% Global Tariffs After Supreme Court Setback
Caption: Trump Announces 15% Global Tariffs After Supreme Court Setback. Donald Trump says he will impose new global tariffs of 15%, escalating his response to a Supreme Court ruling that struck down his previous import taxes. On Friday, Trump had proposed a 10% levy on all goods entering the United States. But a day later, he announced the rate would rise to 15% under Section 122 of the 1974 Trade Act, a rarely used law allowing temporary tariffs for up to five months without immediate congressional approval. The decision follows a 6 – 3 ruling by the Supreme Court of the United States, which found he overstepped his authority when he imposed sweeping tariffs last year using emergency powers. Trump criticised the judgment and defended his trade agenda, noting the US has already collected more than $130 billion in tariff revenue. It remains unclear when the higher 15% rate would take effect. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,announces,15%,global tariffs,Supreme Court,setback,costs,imports,imported goods,levy,congressional approval,imposed,emergency powers
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