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The U.S. Supreme Court struck down many of the far-reaching taxes on imports.
Trump now seeks a 15% global tariff, up from the 10% announced just a day earlier.
KEY POINTS
- Despite the Supreme Court ruling, Trump signed an executive order for a 10% tariff starting Tuesday.
- These tariffs can last only 150 days unless Congress extends them legislatively.
- Trump will also pursue tariffs through other federal laws that require a Commerce Department investigation.
- The Supreme Court's decision did not clarify the fate of over $133 billion already collected in tariffs.
COMPANIES
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