President Donald Trump has announced a 10 per cent global tariff on imports just hours after the Supreme Court ruled that his previous tariffs were illegal.
The 79-year-old was blocked by the Court from using a 1977 law meant for national emergencies to impose his earlier tariffs. The ruling said Trump had exceeded his authority.
Despite the setback, Trump turned to the 1974 Trade Act, claiming it allows him to impose a new 10 per cent levy worldwide. He said the tariff aims to boost US manufacturing and create jobs. Critics, however, warn it could hurt the global economy and push consumer prices higher.
Trump reacted angrily to the Supreme Court ruling, calling it “deeply disappointing” in a statement on Truth Social. He praised Justices Thomas, Alito, and Kavanaugh, while criticizing the majority for siding with foreign interests and the political left.
Team Trump highlighted that the new tariff plan would continue his economic agenda, which he claims has driven the stock market to record highs. He said the tariffs also contributed to national security, reducing illegal fentanyl entering the country by 30%.
The Supreme Court decision only affected tariffs imposed under the 1977 law. Specific tariffs on countries such as China remain unaffected. Trump emphasized that other legal options exist to impose trade penalties.
The announcement comes as global markets brace for potential fallout. Economists warn that a sudden worldwide tariff could spark trade tensions and increase prices for goods imported into the United States.
Trump’s move illustrates the ongoing tension between executive power and legal limits on presidential trade authority.
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