US President Donald Trump announced on Saturday that he will impose a 15% global tariff on imports, a day after the US Supreme Court struck down his previous import taxes.
Trump initially said on Friday that he would replace the scrapped tariffs with a 10% levy, but later updated the figure to 15% via his social media platform, Truth Social.
The new tariffs are set to take effect on Tuesday, 24 February, and can only remain in place for roughly five months unless Congress grants formal approval.
The Supreme Court had ruled that Trump exceeded his authority when he imposed sweeping tariffs using a law reserved for national emergencies, stating that congressional approval is required for such import taxes.
Trump has continued to defend tariffs as a tool to boost American manufacturing, despite criticism from business groups and political opponents who argue that the costs are passed on to consumers.
This is a developing story; further details are expected.
