Trump Increases Global Tariffs to 15% Using 1974 Trade Act

New Move Following Supreme Court Ruling U.S.
President Donald Trump has announced an increase in temporary customs tariffs on products imported from around the world, raising the rate from 10% to 15%.
This decision follows the U.S.
Supreme Court's ruling last Friday, which struck down tariffs previously implemented under the International Emergency Economic Powers Act (IEEPA).
The court ruled that the president had exceeded his authority, stating that Congressional approval is mandatory for such tariffs to take effect.
The 1974 Trade Act and the 150-Day Limit The White House based the new tax regulation on Section 122 of the Trade Act of 1974.
While this provision grants the president the authority to impose customs duties of up to 15%, it limits this power to a period of 150 days.
Congressional approval is required for the tariffs to become permanent after this period expires.
The Trump administration stated they will work on permanent regulations within this 150-day legal window, though the exact date the new tariffs will go into effect has not yet been clarified.
Exemptions and Status of Existing Tariffs Certain strategic areas will be exempt from the new tax increase.
Critical minerals, specific metals, and pharmaceuticals are excluded from the temporary taxes, and exceptions will also be granted for products covered under the United States-Mexico-Canada Agreement (USMCA).
Meanwhile, existing tariffs on the steel, aluminum, timber, and automotive sectors will remain in effect as they are based on different legal foundations.
International Reactions The decision was met with concern among global trade partners.
German Chancellor Friedrich Merz stated that increased uncertainty would have negative effects on both the European and U.S.
economies, noting that they would negotiate with Washington within the framework of a common European position.
French President Emmanuel Macron, referring to the Supreme Court decision, highlighted the importance of democratic oversight mechanisms and the principle of reciprocity in trade.