Trump Signals Tariff Hikes for Countries That Fail to Honor Trade Deals
Trump reiterated that he does not need congressional authorization for tariffs.
European Commission President Ursula von der Leyen shakes hands with U.S. President Donald Trump during a meeting at Trump Turnberry golf club in Turnberry, Scotland, on July 27, 2025. Andrew Harnik/Getty Images
President Donald Trump said on Feb. 23 that he may implement higher tariffs on countries that “play games” following last week’s Supreme Court ruling.
Over the weekend, the president rolled out a new round of tariff hikes, raising the temporary import duty on all foreign goods entering the United States to 15 percent from 10 percent.
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
