The new tariffs are a direct response to the US Supreme Court's decision late last week to invalidate tariffs the president announced last year. The new tariffs are based on a law that allows the president to impose tariffs of up to 15 percent for 150 days without congressional approval. It is unclear what will happen when the tariffs expire in 150 days.
The president has also written on Truth Social that he will raise the tariffs further, to 15 percent. However, Bloomberg News notes that he has not yet formally issued a direct order to do so. According to information provided to the news agency, the White House is working on a formal order for tariffs of 15 percent.
