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Trump Raises Tariffs After Court Ruling
The US Supreme Court ruled that much of Trump's tariff policy was illegal. Trump announced raising global tariffs from 10% to 15% on Saturday.
Trump used new legal power the court had not struck down. Trump said his team would find more legal tariff methods in coming months.
Klear Note — Tariffs are taxes on goods from other countries. Higher tariffs make foreign products cost more in stores.
Key Terms 2
- tariffs
- taxes on goods bought from other countries
- Supreme Court
- the highest court in the United States