US EditionTrump signs global 10% tariff, says it will take effect 'almost immediately'
- 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`.
346 Articles
346 Articles
Trump slaps new 10pc tariff after US Supreme Court strikes down sweeping trade duties
WASHINGTON, Feb 21 — President Donald Trump imposed yesterday an additional 10 per cent 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 to his signature economic policy.Trump signed the tariff order in the Oval Office—saying on social media it was “effective almost immediately”—after he spent the past year imposing various rates spontaneous…
Trump says he signed executive order imposing 10% tariffs on all countries, after Supreme Court struck down earlier tariffs
President Trump says he has signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
On the 20th (local time), US President Donald Trump signed a 10% “global tariff” on all countries around the world in response to the Supreme Court’s ruling invalidating reciprocal tariffs on individual countries. Trump announced on the social media platform TruthSocial that day, “I just signed a global 10% tariff on every country in the world in the Oval Office,” and “(the tariff) will take effect almost immediately.”
Trump Says He Will Impose 10% Global Tariff After Supreme Court Strikes Down His Levies
President Donald Trump vowed Friday to impose a temporary 10% global tariff after the Supreme Court struck down his original far-reaching tariffs that were the centerpiece of his economic agenda. The post Trump Says He Will Impose 10% Global Tariff After Supreme Court Strikes Down His Original Levies appeared first on Mississippi Free Press.
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