Trump hikes global tariffs to 15% from 10%
President Donald Trump says he’ll increase his new global tariffs to 15%. The president is digging in on his trade war after yesterday’s Supreme Court ruling that duties he issued using sweeping emergency authorities were illegal. The new levies can take effect for a maximum of 150 days, barring congressional approval for an extension. Trump has signaled there will be protracted legal battles over calls to refund companies billions of dollars for the emergency tariffs.
0:00 Defiant President Trump raises global tariffs
0:31 Live report from White House
2:32 Trump fumes over Supreme Court justices who voted against his administration
3:48 CNN's Will Ripley reports on global trading partners' reactions to tariffs
5:45 Reaction from small business plaintiff in Supreme Court case
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