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Trump signs global 10% tariff, says it will take effect 'almost immediately'
Trump invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff for 150 days after the Supreme Court limited his emergency tariff powers.
- 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 extra 10% global tariff after Supreme Court setback
President Donald Trump imposed Friday an additional 10 percent tariff on imports into the United States after the Supreme Court struck down many of his sweeping and often arbitrary duties, delivering a stinging rebuke on his signature economic policy.
·France
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US President Donald Trump on Friday sharply criticized the Supreme Court judges who overturned his so-called reciprocal tariffs, then immediately signed an executive order imposing new general 10% tariffs on most imports.
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Total News Sources570
Leaning Left105Leaning Right74Center138Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 33%
C 44%
R 23%
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