February 22, New Delhi: U.S. President Donald Trump will now impose temporary tariffs of up to 15% on almost all U.S. imports, from 10% to the maximum level allowed under U.S. law, following a ruling by the country's top court that invalidated his previous tariff program.
The new tariffs are based on a separate law, Section 122, which allows tariffs up to 15%, but requires approval from lawmakers to extend them after 150 days.
Shortly after the court's 6-3 ruling on Friday, which rejected the President's authority to impose tariffs under a 1977 economic emergency powers Act, Trump had initially announced a new 10% global tariff, invoking a different legal avenue.
President Trump stated that his government will determine and issue the new legally permissible tariffs over the next few months.
The ruling represented a major political setback, invalidating the President's signature economic policy that has disrupted the global trade order.
The decision was a significant rebuke from the court, which has largely sided with the President since he returned to office. At the same time, Trump launched a personal attack on the conservative justices who sided with the majority.
