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 added that his administration “will determine and issue the new and legally permissible Tariffs” in the months ahead.
After the Supreme Court ruled 6-3 to strike down Trump’s tariffs under the International Emergency Economic Powers Act (IEEPA), Trump announced a worldwide 10 percent tariff under Section 122 of the Trade Act of 1974. The effective tariff rate, before it was raised on Saturday, was very close to the rate when the IEEPA tariffs were in place, as Breitbart News’s economics editor John Carney noted.
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