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Trump signs global 10% tariff, says it will take effect 'almost immediately'
President Trump will impose a 10% global tariff under Section 122 of the Trade Act of 1974 following the Supreme Court's rejection of his emergency tariff authority.
- At the White House, President Donald Trump signed a 10% global tariff to replace IEEPA duties after the U.S. Supreme Court struck them down, saying it would start in about three days.
- The U.S. Supreme Court ruled in a 6-3 decision that the International Emergency Economic Powers Act did not authorize tariffs in peacetime, overturning lower courts that found businesses and a dozen U.S. states as plaintiffs.
- Administration officials said they will initiate Section 301 investigations and Section 232 probes, but these require formal steps that generally take months, potentially delaying tariff changes.
- Companies have filed suits seeking refunds for $133 billion collected, and Treasury data show collections exceed $175 billion; Trump said, `I guess it has to get litigated for the next two years.`
- Trump said `Potentially higher` and asserted `In order to protect our country, a president can actually charge more tariffs than I was charging in the past`.
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Trump imposes 10% global tariff after US Supreme Court ruling
President Donald Trump announced a 10% global tariff after the US Supreme Court’s landmark decision Friday ruling against his tariff imposition under the International Emergency Economic Powers Act (IEEPA). Trump called the US Supreme Court’s decision “deeply disappointing” and said he was “ashamed” of some Supreme Court justices. He said the 10% global tariff will be signed under Section 122 in addition to the existing non-IEEPA tariffs. Trump …
Furious to see its tariff policy put down by the country's highest magistrates, the U.S. President tried to reply by signing a new decree Donald Trump announced Friday to have
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Total News Sources538
Leaning Left100Leaning Right68Center136Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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