After imposing a global tariff of 10% following a stinging loss at the U.S. Supreme Court, President Donald Trump now says he’s raising that rate an additional 5% — though exemptions for CUSMA-compliant goods from Canada and Mexico still apply.
Trump said on social media Saturday morning that he’s raising that tariff to 15% after a “thorough, detailed, and complete review” of the court decision.
Section 122 allows temporary tariffs of up to 15% — but these tariffs can only be imposed for 150 days unless Congress approves an extension.
This is a continuing story. Updates will be provided as they are received.
Resource: CBC News
