whatsapp

Trump Announces New 10% Global Tariff After Supreme Court Ruling

/media/Trump_Announces_New_10_Global_Tariff_After_Supreme_Court_Ruling.webp © Image Copyrights Title

Washington: US President Donald Trump announced a new 10% global tariff on imports shortly after the US Supreme Court ruled that his earlier sweeping tariffs exceeded presidential authority.

Speaking at the White House on Friday, Trump said he would sign an order imposing a 10% global tariff under Section 122 of the Trade Act of 1974. The new tariff will be added to existing duties already in place.

The Supreme Court ruled 6–3 that the broad tariffs Trump imposed under the International Emergency Economic Powers Act (IEEPA) were not legally valid. The court said the US Constitution gives Congress, not the president, the power to impose taxes, including tariffs.

Chief Justice John Roberts wrote in the majority opinion that the Constitution clearly assigns taxing authority to Congress.

Trump Vows to Continue Tariff Policy

Despite the ruling, Trump said he would move forward using other legal tools available to the executive branch.

“The decision only overruled one particular use of IEEPA,” Trump said, adding that other tariff laws remain available.

Vice President JD Vance criticized the court’s decision in a post on social media, saying Congress had granted the president authority to regulate imports.

Trump also confirmed that existing national security tariffs under Section 232 and current Section 301 tariffs would remain in place.

What Legal Options Remain?

The administration is now expected to rely mainly on Section 301 and Section 122 of the Trade Act of 1974.

Section 301 allows the US government to investigate unfair trade practices by foreign countries and impose retaliatory tariffs. However, investigations can take up to 12 months before action is taken.

Section 122 allows the president to impose temporary import surcharges of up to 15% for a maximum of 150 days. No investigation is required, but Congress must approve any extension beyond that period.

US Treasury Secretary Scott Bessent had previously acknowledged that these alternatives are not as powerful or as flexible as the emergency powers law that was struck down.

Legal Challenges Continue

The Supreme Court case followed lawsuits filed by several US states and businesses that argued the emergency law did not authorize tariffs.

Trump criticized those who brought the lawsuits and said he would continue pursuing tariff policies through other legal methods.

Some tariffs remain in effect, while others may be replaced with new duties under different legal authorities.

The ruling marks a significant moment in the ongoing debate between Congress and the executive branch over trade powers.

Commnets 0
Leave A Comment

Related Posts
© Shein Targets $27 Billion Hong Kong IPO as Europe Becomes a Critical Test

Shein Targets $27 Billion Hong Kong IPO as Europe Becomes a Critical Test

Shein is preparing for one of the most closely watched retail listings of the year, but the fast-fashion company will enter the public market carrying a valuation far below the level it commanded duri...

© Oil Prices Fall as Markets Await Sweeping U.S. Sanctions on Iran

Oil Prices Fall as Markets Await Sweeping U.S. Sanctions on Iran

Global oil prices moved lower on Monday as investors locked in some recent gains and waited for details of a sweeping new U.S. sanctions package targeting Iran....

© Giorgia Meloni Says She Expected Relations With Trump to Be Easier

Giorgia Meloni Says She Expected Relations With Trump to Be Easier

Italian Prime Minister Giorgia Meloni has acknowledged that her relationship with U.S. President Donald Trump has proved more difficult than she initially expected, despite areas of political agreemen...

© Bitcoin Climbs Above $70,000 as ETF Inflows and Lower U.S. Yields Lift Crypto Market

Bitcoin Climbs Above $70,000 as ETF Inflows and Lower U.S. Yields Lift Crypto Market

Bitcoin moved back above $70,000, reaching its strongest level in more than two months as falling U.S. Treasury yields, renewed institutional demand and improving regulatory sentiment brought buyers b...

© SK Hynix Shares Jump Over 12% After $28.6 Billion Buyback Plan

SK Hynix Shares Jump Over 12% After $28.6 Billion Buyback Plan

Shares of SK Hynix surged more than 12% in Seoul on Thursday, August 20, after the South Korean chipmaker unveiled a major 40 trillion won ($28.6 billion) share buyback and cancellation programme....

© European Bond Yields Hit Multi-Year Highs as Iran War Fuels Inflation Fears

European Bond Yields Hit Multi-Year Highs as Iran War Fuels Inflation Fears

European government bond yields climbed to multi-year highs as rising oil prices and continued uncertainty around the Iran conflict revived concerns over inflation and the possibility of tighter monet...

© Electric Car Adoption Accelerates Across Europe as Nordic Countries Lead

Electric Car Adoption Accelerates Across Europe as Nordic Countries Lead

Europe’s shift towards battery-electric cars is gathering pace, but the transition remains sharply divided between countries, with Nordic markets leading adoption while several southern and eastern Eu...

© EU Pushes for Payment Sovereignty as Digital Euro and Local Networks Gain Ground

EU Pushes for Payment Sovereignty as Digital Euro and Local Networks Gain Ground

Europe is accelerating efforts to reduce its dependence on US-controlled payment networks as policymakers increasingly view financial infrastructure as a strategic issue rather than simply a question ...

© Google Reshuffles AI Leadership as Gemini Race Intensifies

Google Reshuffles AI Leadership as Gemini Race Intensifies

Google has reorganized its artificial intelligence leadership as it looks to strengthen Gemini and compete more aggressively with rivals such as OpenAI and Anthropic....

© Wall Street Backs Nvidia’s $500 Billion AI Infrastructure Financing Push

Wall Street Backs Nvidia’s $500 Billion AI Infrastructure Financing Push

Nvidia CEO Jensen Huang is pushing a new model for financing the global artificial intelligence boom, with some of Wall Street’s biggest investment firms preparing to treat AI infrastructure as a majo...

© Revolut Secures Full French Banking Licence as European Expansion Accelerates

Revolut Secures Full French Banking Licence as European Expansion Accelerates

Revolut has secured a full banking licence in France, giving the digital finance company a new regulatory base for its expanding operations across Western Europe....

© Poland Becomes EU’s Sixth-Largest Economy as GDP Reaches €923 Billion

Poland Becomes EU’s Sixth-Largest Economy as GDP Reaches €923 Billion

Poland has become the sixth-largest economy in the European Union, with its nominal gross domestic product reaching approximately €923 billion in 2025, placing it behind only Germany, France, Italy, S...

© Wizz Air Reports €183.3 Million Quarterly Operating Loss

Wizz Air Reports €183.3 Million Quarterly Operating Loss

Wizz Air has reported a quarterly operating loss of €183.3 million, as rising fuel expenses and softer airfares weighed on the European low-cost airline’s financial results....

© Trump Administration’s $1.22 Billion RWE Deal Pushes Offshore Wind Buybacks Near $4 Billion

Trump Administration’s $1.22 Billion RWE Deal Pushes Offshore Wind Buybacks Near $4 Billion

The Trump administration has reached a $1.22 billion agreement with German energy company RWE that will see the group give up three offshore wind leases in the United States, pushing the value of simi...

© Infineon Posts Record Revenue as AI Data-Centre Demand Accelerates

Infineon Posts Record Revenue as AI Data-Centre Demand Accelerates

German semiconductor manufacturer Infineon Technologies reported record quarterly revenue as growing investment in artificial intelligence infrastructure strengthened demand for its power-management c...

© Apple Pay Launches in the Philippines With Support From Four Major Banks

Apple Pay Launches in the Philippines With Support From Four Major Banks

Apple Pay has officially launched in the Philippines, allowing eligible customers to make contactless payments using an iPhone, Apple Watch, iPad or Mac at participating stores, applications and websi...

© Visa to Acquire BioCatch for $2.4 Billion to Strengthen AI Fraud Protection

Visa to Acquire BioCatch for $2.4 Billion to Strengthen AI Fraud Protection

Global payments leader Visa has agreed to acquire Israeli cybersecurity company BioCatch for $2.4 billion in cash, strengthening its fraud prevention capabilities as financial institutions face a grow...

© Eurozone Inflation Rises to 2.9% as Energy Costs Drive Price Pressures

Eurozone Inflation Rises to 2.9% as Energy Costs Drive Price Pressures

Inflation across the eurozone accelerated to 2.9% in July, ending June's brief slowdown as higher energy prices pushed consumer costs upward across the currency bloc, according to preliminary figures ...

© Eurozone Inflation Rises to 2.9% in July as Energy Costs Accelerate

Eurozone Inflation Rises to 2.9% in July as Energy Costs Accelerate

Annual inflation across the eurozone accelerated to 2.9% in July, reversing June's slowdown as higher energy prices pushed consumer costs higher, according to preliminary data released by Eurostat on ...

© Eurozone Growth Surpasses Forecasts in Q2 2026 as Ireland Tops Europe’s Fastest-Growing Economies

Eurozone Growth Surpasses Forecasts in Q2 2026 as Ireland Tops Europe’s Fastest-Growing Economies

The eurozone economy expanded more strongly than expected during the second quarter of 2026, with Ireland emerging as Europe's fastest-growing economy as preliminary data pointed to greater resilience...