Less than a day after implementing sweeping 10% global tariffs on goods imported into the United States, President Trump announced that he will be raising these rates to 15%. These tariffs are being implemented under Section 122 of the Trade Act of 1974, which allows the President to impose temporary tariffs for a maximum of 150 days in order to "prevent an imminent and significant depreciation of the [U.S.] dollar in foreign exchange markets."

This action comes in the wake of the Supreme Court ruling on Friday morning that struck down the majority of the tariffs implemented by the Trump Administration. The 6-3 Ruling, with the majority opinion penned by Chief Justice John Roberts, invalidated all tariffs except for some sector-specific duties on car parts, autos, and semiconductor chips.

In a social media post about the global tariffs, President Trump wrote "I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level.”

In addition to these sweeping tariffs, he also issued an Executive Order terminating specific Ad Valorem duties that had been previously implemented.

UPDATE: 2/24/26: Per a notice sent out by CBP on Tuesday, the rate will be 10%.

SGL will continue to provide updates as this situation evolves.