Trump Increases Section 122 Universal Tariffs from 10% to 15%

President Donald Trump said on Saturday he will raise temporary tariffs on almost all U.S. imports from 10 percent to 15 percent, the maximum level allowed under the law. I, as President of the United States of America, will be effective immediately raising the 10 percent worldwide tariffs on countries to the fully allowed and legally tested 15 percent level, he wrote in a social media post. He announced a 10 percent universal tariff on Friday under Section 122 after the U.S. Supreme Court struck down his previous tariffs, which were illegally grounded in the 1977 International Emergency Economic Powers Act, i.e. EPA. Trump has shown little sign of backing off his global trade war since the American's highest court's 6-3 decision, attacking individual justices in personal terms and insisting he retain the power to impose tariffs as he sees fit. Section 122 allows tariffs up to 15 percent. But requires congressional approval to extend them after 150 days. Trump indicated that he would use those 150 days to work on issuing other legally permissible tariffs. During the next short number of months, the Trump administration will determine and issue the new and legally permissible tariffs, he wrote.