US EditionTrump signs global 10% tariff, says it will take effect 'almost immediately'
President Trump signed a 10% global tariff under Section 122 of the Trade Act of 1974 for 150 days after the Supreme Court struck down his emergency-powers tariffs.
- 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`.
485 Articles
485 Articles
US tariff for Indian goods cut to 10%? White House clarifies new Trump order
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A defiant Donald Trump said he will impose an additional 10% global tariffs on Friday after the U.S. Supreme Court’s decision to strike down many of the existing tariffs, including some levied against Canada.
Trump vows new 10% global tariff after Supreme Court curbs emergency levies
US President Donald Trump lashed out at the Supreme Court hours after it curtailed his ability to impose sweeping tariffs under emergency powers, and signaled he intends to press ahead with his trade strategy. “I’m ashamed of certain members of the court, absolutely ashamed,” he said at the White House.
US President Donald Trump has had to take a defeat before the Supreme Court. Now comes a new customs.
Ruling setback for US president's economic agenda; Trump imposes 10% extra global tariff on partners
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