US President Donald Trump is pushing ahead with another round of global tariffs, just a day after being told last year’s levies were illegal.

In a post on social media, Trump confirmed he’ll lift the tariffs to 15 percent, higher than the 10 percent rate he announced yesterday.

The move comes after a Supreme Court ruling found his sweeping trade measures from last year were unlawful.

Former US Under Secretary of Commerce and Security Bill Reinsch says this will make it harder for Trump to threaten and bully other countries with even higher tariffs.

"He won't be able to do that anymore, and I think that's why he's really unhappy. It's also a significant limitation on Presidential power, the real importance of this decision is historic." 

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US President Donald Trump is pushing ahead with another round of global tariffs, just a day after being told last year’s levies were illegal.
In a post on social media, Trump confirmed he’ll lift the tariffs to 15 percent, higher than the 10 percent rate he announced yesterday.
The move comes after a Supreme Court ruling found his sweeping trade measures from last year were unlawful.
Former US Under Secretary of Commerce and Security Bill Reinsch says this will make it harder for Trump to threaten and bully other countries with even higher tariffs.
"He won't be able to do that anymore, and I think that's why he's really unhappy. It's also a significant limitation on Presidential power, the real importance of this decision is historic."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Bill Reinsch: former US Under Secretary of Commerce and Security on Trump imposing a 15 percent global tariff following Supreme Court ruling

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