The United States imposed a new 10% tariff on all goods not covered by exemptions, U.S. Customs and Border Protection announced today. At 12:01 a.m. Washington time Tuesday, the 10% levy went into effect.
The president signed an executive order last Friday authorizing the 10% import tax just hours after the Supreme Court ruling. He subsequently threatened to raise the number to 15%.
According to an administration official, the White House is developing a formal order to raise the global tariff rate to 15%. The exact timeline for implementing this higher levy has not yet been finalized.
Trump wrote on Truth Social: “As President, I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago! They were also just reaffirmed by the ridiculous and poorly crafted supreme court decision! President DJT”
In a separate post: “Any Country that wants to “play games” with the ridiculous supreme court decision, especially those that have “Ripped Off” the U.S.A. for years, and even decades, will be met with a much higher Tariff, and worse, than that which they just recently agreed to. BUYER BEWARE!!! Thank you for your attention to this matter. President DONALD J. TRUMP”
FedEx filed a lawsuit against the U.S. government yesterday seeking a “full refund” for the money it paid on the now-reversed tariffs.
It is still unclear whether and how companies will receive refunds for tariff payments made under the regime struck down by the Supreme Court.
By CEO NA Editorial Staff
