U.S. President Donald Trump said on Saturday that he will increase his global tariff to 15 percent, up from the 10 percent he announced on Friday after the U.S. Supreme Court struck down his signature tariff policy. “Let this statement serve to represent that I, as president of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries … to the fully allowed, and legally tested, 15% level,” Trump wrote on Truth Social. The White House has not officially implemented the newly increased tariffs. Trump’s statement comes less than 24 hours after he invoked Section 122 of the Trade Act of 1974, which allows the president to impose tariffs up to 15 percent to address a “large and serious balance-of-payment deficit,” which can remain in effect for no more than 150 days unless Congress authorizes an extension. No U.S. president had previously invoked Section 122. By immediately lifting the rate from 10 percent to 15 percent, Trump maxed out the authority available under the statute. Any further increase would require a different legal mechanism or congressional action. The Supreme Court on Friday dealt Trump a huge blow, handing down a 6-3 opinion rejecting the administration’s initial method of implementing tariffs via the International Emergency Economics Powers Act. The president asserted again Saturday that the high court had approved his use of the Section 122 power and other options he said he plans to turn to. While the court’s opinions issued Friday mention those possibilities, the court’s majority explicitly said it was not ruling on when it would be legal to deploy them. Trump teased further action on tariffs, writing in his Saturday post that in the coming months, his administration will “determine and issue the new and legally permissible Tariffs,” but it was not clear how he plans to do so. In December, U.S. trade representative Jamieson Greer told POLITICO the administration has a long list of plans ready in the scenario that the high court struck down his tariffs. “We’ve been thinking about this plan for five years, or longer,” Greer said. “You can be sure that when we came to the president at the beginning of the term, we had a lot of different options,” he added, noting that IEEPA was the “best tool” but maintaining there are other options to implement tariffs. A White House fact sheet released Friday announcing the initial 10 percent tariff laid out a list of exemptions similar to the tariffs struck down as illegal Friday, including products within sectors such as energy, pharmaceuticals, autos, aerospace and more. Josh Gerstein contributed to this report.

KYIV — There were cheers in Ukraine and the EU when the Trump administration sanctioned Russia’s two biggest oil companies Wednesday. The U.S. sanctions “are a clear signal that prolonging the war and spreading terror come at a cost,” Ukrainian President Volodymyr Zelenskyy said in a post on X on Thursday. “This is a fair and absolutely deserved step. It is precisely pressure on Russia that will be effective for achieving peace, and sanctions are one of its key components.” He also called it “a strong and much-needed message.” The U.S. slapped sanctions on Russia’s two biggest oil companies, Rosneft and Lukoil, and their subsidiaries in an attempt to pressure Russia to take ceasefire negotiations more seriously. “I just felt it was time,” Trump said less than a week after he announced that he’d be meeting with Russian President Vladimir Putin in Hungary and declared that the Russian leader was ready for peace. This was the first time Trump has slapped any sanctions on Russia. The European Union’s 19th package of sanctions against Russia will likely be approved Thursday after Slovakia dropped its opposition late Wednesday. Across the bloc, there was also support for the U.S. move. U.S. “Treasury decision to sanction major Russian oil companies in the face of Russia’s lack of commitment to the peace process. With the imminent adoption of the EU’s 19th package, this is a clear signal from both sides of the Atlantic that we will keep up collective pressure on the aggressor,” European Commission President Ursula von der Leyen said in a post on X Wednesday night. “So it happened. … The beauty of this decision is its comprehensiveness. The complete oil infrastructure is subject to sanctions as it should be. I think the effect will be big and quick,” the Ukrainian president’s sanctions envoy, Vladyslav Vlasiuk, said in a post on Facebook on Thursday. The sanctions target not only Lukoil and Rosneft but also dozens of their subsidiaries. “Those subsidiaries cover all key links in the oil and gas business — exploration, production, transportation, processing, trade, and service,” Vlasiuk said. Rosneft alone accounts for approximately 40 percent of Russia’s oil production and 14 percent of its gas production, and remains the primary contributor to the federal budget, having paid 6.1 trillion rubles in taxes in 2024. The company also has a fleet of at least 39 vessels. “What adds spice to this particular solution is that Lukoil, Rosneft, and others were preparing cooperation proposals for the U.S. — on the eve of Anchorage [summit], Reuters reported this, and we also knew about it from other sources,” Vlasiuk said. “U.S. sanctions open Pandora’s box. We are working to have more.”