President Trump wants to impose 15% tariff after Supreme Court decision

WASHINGTON — President Donald Trump said Saturday that he would raise the global tariff he wants to impose to 15%, up from 10% he announced a day earlier.

Trump said in a social media post that he made the decision "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday" by the U.S. Supreme Court.

After the court ruled 6-3 that he didn't have the emergency power to impose many sweeping tariffs, Trump signed an executive order Friday night that enabled him to bypass Congress and impose a 10% tax on imports from around the world. The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively.

“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again,” Trump wrote on his social media platform.

Under the order Trump signed Friday night, the 10% tariff was scheduled to take effect Tuesday. The White House did not immediately respond to a message inquiring when the president would sign an updated order.

The president said Friday he also would pursue tariffs through other sections of federal law that require an investigation by the Commerce Department.

Democrats spoke out quickly on Trump's new tariff threat. Democrats on the House Ways and Means Committee accused Trump of “pickpocketing the American people” with his newly announced higher tariff.

“A little over 24 hours after his tariffs were ruled illegal, he’s doing anything he can to make sure he can still jack up your costs,” they wrote on social media.

Global leaders, businesses pore over fallout of more US tariff shifts

It marked yet another shift in the U.S. tariff posture since Trump returned to office 13 months ago, upending dozens of trading relationships with the world's biggest economy.

Officials were going over the language of bilateral or multilateral deals struck with the U.S. in recent months, as business and governments around the world pored over the possible fallout from moves in Washington on the global economy — even as they braced for new swings.

South Korean trade officials scrambled Saturday to assess the effects of the ruling. The emergency meeting announced by the Trade Ministry in Seoul came as officials from South Korea to South America and beyond acknowledged tariffs would remain on some specific exports to the U.S., such as automobiles and steel, that aren't affected by the U.S. high court's decision.

In Paris, French President Emmanuel Macron hailed the checks and balances in the United States, praising the "rule of law" during a visit to a Paris agricultural fair: "It's a good thing to have powers and counter-powers in democracies. We should welcome that." However, he cautioned against any triumphalism.

"I note that President Trump, a few hours ago, said he had reworked some measures to introduce new tariffs, more limited ones, but applying to everyone," Macron said. "So we'll look closely at the exact consequences, what can be done, and we will adapt."

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Businesses brace south of the border — and beyond

Alluding to the new tariff threat, Sergio Bermúdez, head of an industrial parks company in Ciudad Juárez, Mexico, along the Texas border, said Trump "says a lot of things, and many of them aren't true. All of the businesses I know are analyzing, trying to figure out how it's going to affect them."

The effects could be felt especially in Juarez: Much of its economy depends on factories producing goods to export to consumers in the U.S., the result of decades of free trade between the U.S. and Mexico.

The policy shifts in the U.S. over the past year made many global business leaders cautious, as they struggled to forecast and saw investment take a hit.

Economy Secretary Marcelo Ebrard on Friday said Mexico was watching the tariffs with a "cool head," noting 85% of Mexico's exports face no tariff, largely because of the United States-Mexico-Canada agreement. He plans a trip to the U.S. to meet with economic officials next week.

CEO Alan Russell of Tecma, which helps American businesses set up operations in Mexico, saw his job grow increasingly complicated over the past year — his company's workload surged as much as fourfold as it grapples with new import requirements. He worries the latest U.S. moves will only make things more difficult.

"We wake up every day with new challenges. That word 'uncertainty' has been the greatest enemy," said Russell, who is American. "The difficult part has been not being clear what the rules are today or what they're going to be tomorrow."

Government-politics

Trump says he'll sign executive order to enact 10% global tariff after Supreme Court defeat

• LINDSAY WHITEHURST Associated Press

Looking for a piece of possible tariff refunds

Some U.S. importers who paid what may turn out to be excess tariffs are looking for possible refunds — likely a very complex process — and some foreign companies may want to get their piece, too.

Bernd Lange, chairman of the European Parliament's trade committee, insisted on Deutschland radio that excess tariffs "must be refunded." He estimates German companies or their U.S. importers alone overpaid more than $118 billion.

Swissmem, a top technology industry association in Switzerland, hailed a "good decision" from the Supreme Court, writing on social media that its exports to the U.S. fell 18% in the fourth quarter alone — a period when Switzerland was facing much higher U.S. tariffs than most neighboring countries in Europe.

"The high tariffs have severely damaged the tech industry," Swissmem President Martin Hirzel said Friday on social media, while acknowledging the dust is far from settled.

Photos: A look at global trade