Feb. 21 (UPI) -- President Donald Trump said he will raise global tariffs from 10% to 15% after the Supreme Court on Friday ruled that his emergency tariffs are illegal.
The president criticized the court's ruling in a social media post while announcing the increased global tariffs in a social media post on Saturday.
"Based on a thorough, detailed and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after many months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level," he said in the long-winded post.
"During the next short number of months, the Trump administration will determine and issue the new and legally permissible tariffs, which will continue our extraordinarily successful process of Making America Great Again -- greater than ever before!!!" Trump added.
He cited a seldom-used legal provision, Section 122 of the Trade Act of 1974, which he said enables the president to impose a blanket tariff on all goods imported into the United States for 150 days, which Congress would need to extend afterward for them to remain in effect.
