Trump announces new global tariffs of 10% - After US Supreme Court ruling
US President Donald Trump said he was imposing a new global tariff of 10% and would pursue alternative trade measures after the Supreme Court concluded that his sweeping tariffs exceeded executive authority.
"Today I signed an order to impose a global 10% tariff under Section 122, in addition to our normal tariffs that are already being applied," Trump said at a press conference.
The tariffs will take effect at midnight on February 24 and will be in effect for 150 days. The tariffs will not apply to a wide range of products, including essential minerals and goods already subject to special tariffs unaffected by the Supreme Court ruling.
The court, in a 6-3 decision on Friday, struck down the tariffs that Trump imposed under an emergency powers law, dealing him a major setback to a signature economic policy.
The ruling focuses on tariffs imposed using the International Emergency Economic Powers Act (IEEPA), a 1977 law commonly used for sanctions and other economic tools, which Trump had used to justify broad import taxes.
Other US presidents have used the statute many times, but Trump was the first to use it for tariffs.
Trump has repeatedly called the dispute existential to his economic agenda, even though polls have shown that tariffs are not widely popular due to broader voter anxiety about affordability.
In its majority opinion, the court said the US Constitution “very clearly” gives Congress the power to impose taxes – including tariffs – and not the president.
The Chief Justice of the Supreme Court wrote that the framers of the constitution did not place the power of taxation in the executive branch.
The ruling does not prevent the White House from pursuing duties under other laws, although these avenues generally come with stricter procedural restrictions and limitations on speed and scope than the emergency powers approach that Trump initially attempted.
Administration officials have said they expect to keep the broader tariff framework in place by using other authorities.
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