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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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US President Donald Trump strongly criticised the Supreme Court judges who blocked the application of the tariffs, calling it "a state-of-the-art fraud". Furthermore, he officially imposed a 10% tax on all imports at the global level,...
·Romania
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The new tariffs will take effect on Tuesday.
·Bratislava, Slovakia
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Dereliction of duties: Trump throws 10% tariff tantrum after stinging Supreme Court rebuke
US President Donald Trump on Friday imposed an additional 10% 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 on his signature economic policy.
·South Africa
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Total News Sources510
Leaning Left92Leaning Right66Center131Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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