After court ruling, Trump says US global tariff rate will rise from 10% to 15%

To President Donald Trump, tariffs are the antidote to globalisation, a way to force more manufacturing back to the US, reduce America’s reliance on foreign products, and lower the trade deficit. -- PHOTO: AFP

WASHINGTON (Reuters): President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on US imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff programme.

The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court's decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law.