Trump says he will increase his new global tariffs to 15% - BBC
After most of his tariffs were outlawed on Friday, Trump announced new global tariffs of 10% - which he says he has now increased to 15%.
www.bbc.comThe latest major tariff news is that Trump’s administration is still pushing ahead with new import duties despite legal setbacks, including a February 20 move to impose a temporary 10% import duty for 150 days under Section 122 of the Trade Act of 1974. He then said he would raise global tariffs to 15% after the Supreme Court struck down an earlier broad tariff approach.[1][5][7]
What changed recently
- The White House said the February 20 action created a temporary 10% import duty, starting February 24, with some exemptions such as USMCA-compliant Canada/Mexico goods and certain other categories.[1]
- Trump then announced on February 21 that the global tariff rate would rise from 10% to 15% “effective immediately.”[5][7]
- Separate reporting says the administration is also moving on steel and aluminum duties and broader trade investigations.[3][9]
Legal and market impact
- The Supreme Court ruled that Trump had overstepped when using emergency powers for earlier broad tariffs, which triggered new tariff design changes.[2][5]
- Reuters and other reports say businesses are pursuing tariff refunds, and court rulings have created uncertainty around how much of the tariff regime can stand.[4][3]
- The overall effect is that U.S. tariff policy remains active but highly contested, with new duties being layered on as others face legal challenge.[9][5][1]
Most relevant current angle
If you mean the current tariff situation in general, the key story is: Trump has shifted from court-struck emergency tariffs to a temporary tariff under a different statute, while also signaling higher global tariffs and new sector-specific duties.[6][5][1]