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Trump signs global 10% tariff, says it will take effect 'almost immediately'
Trump invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff for 150 days after the Supreme Court limited his emergency tariff powers.
- Yesterday, President Donald Trump signed an order in the Oval Office imposing a 10% global tariff, posting on Truth Social that it was effective almost immediately.
- The Supreme Court ruled six-three that the International Emergency Economic Powers Act does not authorize the president to impose tariffs, Chief Justice John Roberts stated that taxing power lies with Congress.
- Legal filings note the tariffs are limited to 150 days under the Trade Act of 1974, with IEEPA providing the authority, as Kavanaugh wrote.
- Companies and small plaintiffs say the U.S. Treasury has collected 133 billion dollars and the Penn Wharton Budget Model projects up to 175 billion in refunds, with Mr Trump expecting years of litigation.
- Close US trading partners including the EU and Britain said they are studying the ruling and remain in contact with the U.S. administration, while Canada called the levies unjustified and braced for turbulence.
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Trump imposes extra 10% global tariff after Supreme Court setback
President Donald Trump imposed Friday an additional 10 percent 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.
·France
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US President Donald Trump on Friday sharply criticized the Supreme Court judges who overturned his so-called reciprocal tariffs, then immediately signed an executive order imposing new general 10% tariffs on most imports.
Coverage Details
Total News Sources577
Leaning Left105Leaning Right75Center138Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 33%
C 43%
R 24%
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