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Trump 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`.
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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.
·United States
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"These fucking courts," he reportedly said upon learning of the ruling that deemed "retaliatory" tariffs illegal – He announced a new 10% global tariff and invoked special provisions to bypass the Court
Coverage Details
Total News Sources305
Leaning Left49Leaning Right44Center92Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 26%
C 50%
R 24%
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