President Donald Trump says he wants a global tariff of 15%, up from 10% he’d announced earlier after the U.S. Supreme Court struck down many of the far-reaching taxes on imports that he had imposed over the last year. The court’s Friday decision struck down tariffs Trump had imposed on nearly every country using an emergency powers law. Trump now said he’ll use a different, albeit more limited, legal authority. He’s already signed an executive order enabling him to bypass Congress and impose a 10% tax on imports from around the world, starting Tuesday, the same day as his State of the Union speech. But those tariffs are limited to 150 days unless extended by legislation.
