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President Donald Trump signed an executive order Friday imposing a 10% global tariff on foreign goods, moving quickly to preserve his trade agenda after the US Supreme Court struck down many of the levies he imposed last year.
“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter!” Trump wrote in a social media post on Friday evening.
Text of the executive action wasn’t immediately available.
Trump previously said he was implementing the new baseline duty under Section 122 of the Trade Act of 1974, which grants the president unilateral ability to impose tariffs. But the untested legal provision puts a 150-day limit on how long the duties can remain in place. Congress would need to approve any extension.
The Supreme Court, in a 6-3 decision handed down earlier Friday, ruled that Trump’s use of a decades-old federal emergency-powers law to impose his so-called “reciprocal” tariffs was unlawful. Trump invoked the International Emergency Economic Powers Act last April to impose duties on dozens of US trading partners, ranging from 10% to 50%.
The justices invalidated those tariffs along with duties on goods from Canada, Mexico and China that Trump imposed in the name of addressing fentanyl trafficking. The ruling also casts doubt on separate IEEPA tariffs placed on goods from Brazil and Indi...
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