President Donald Trump on Saturday said he is raising the worldwide tariffs on goods entering the United States from 10 percent to 15 percent "effective immediately," a day after the Supreme Court largely struck down his sweeping duties.
Trump said on his Truth Social platform that he was making the decision after a "thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday” by the court.
He said he was raising the tariffs "to the fully allowed, and legally tested, 15% level."
"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!!!" he added.
The US Supreme Court on Friday, in a six-three ruling authored by conservative Chief Justice John Roberts, upheld a lower court's decision that Trump's use of a 1977 law to impose tariffs exceeded his authority.
The justices ruled that the law at issue -- the International Emergency Economic Powers Act, or IEEPA -- did not grant the power to the US President to impose tariffs on trading partners. The court emphasized that the law on imposing tariffs is only meant for use in national emergencies.
Trump responded furiously to the ruling, launching personal attacks against the judges and announcing an extra 10 per cent global tariff on all US trading partners.
He claimed the ruling made him more powerful and vowed to use alternartive methods to implement more tariffs.
"The Supreme Court's decision today made a president's ability to both regulate trade and impose tariffs more powerful and more crystal clear, rather than less," he said.
"Other alternatives will now be used to replace the ones that the court incorrectly rejected," Trump told a press conference, adding that these options could also bring in more revenue.