The US raises global tariff to 15% under Trade Act after Supreme Court ruling, effective immediately, with exemptions for certain goods.
The US administration has raised the global tariff rate to 15 percent by invoking Section 122 of the Trade Act of 1974, less than a day after a Supreme Court ruling struck down its earlier authority, reported Saint Petersburg's PortNews.
The increase followed a 6-3 Supreme Court decision that stated the administration exceeded its powers by using the International Emergency Economic Powers Act to impose broad levies.
An executive order signed late Friday set a 10 percent surcharge under Section 122, which was raised to the statute's maximum of 15 percent on Saturday. President Donald Trump stated that the measure was effective immediately.
Section 122 allows temporary import surcharges to address balance-of-payments deficits, capped at 15 percent and limited to 150 days unless extended by Congress. Official documentation sets the effective date at 12:01 a.m. EST on 24 February.
Exemptions include goods qualifying under the United States-Mexico-Canada Agreement, as well as certain critical minerals, pharmaceuticals, energy products, and specified electronics. Existing Section 232 duties on steel and aluminum remain in place.
