Trump Adds 10% Global Tariff After Supreme Court Rebuke
In response to the Supreme Court’s decision invalidating his prior import duties, President Trump has signed a new executive order imposing a 10% “global tariff.” This new measure, effective immediately and lasting 150 days, utilizes Section 122 of the Trade Act of 1974, replacing tariffs previously enacted under the International Emergency Economic Powers Act (IEEPA). While some countries may see reduced tariff rates compared to prior agreements, the administration indicated that higher rates could be reinstated for specific nations as alternative legal pathways are explored. The President expressed strong disapproval of the Supreme Court’s ruling, stating he would continue to pursue tariffs without congressional involvement.
John Q. Hosedrinker