Trump raises global tariffs to 15%

US President Donald Trump announced an increase in global import tariffs into the country from 10% to 15%. He stated that in the coming months, the administration will identify and impose new tariffs that will be legally justified. This refers to expanding the existing policy of tariff barriers implemented as part of the Trump administration's trade strategy.

Context

This step follows a long history of tariff implementation during the height of the US trade conflict with China and other countries, where the Trump administration repeatedly raised tariffs to alter the terms of international trade.