News

Trump announces temporary 10% Global tariff after they were struck down by Supreme Court

Spread the love

US  President Donald Trump on Friday unveiled a temporary 10% global tariff set to last 150 days, replacing emergency trade duties that were recently struck down by the Supreme Court of the United States.

Trump said the new measure would be implemented under Section 122 of the Trade Act of 1974 and would apply in addition to existing tariffs. The provision allows the president to impose duties of up to 15% for 150 days to address significant balance-of-payments concerns, without requiring lengthy investigations or procedural hurdles.

The move follows the Supreme Court’s decision invalidating Trump’s sweeping global tariffs issued under the International Emergency Economic Powers Act, ruling that he had exceeded his authority under that statute.

Speaking at a White House press briefing alongside Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer, and Solicitor General D. John Sauer, Trump signaled confidence in alternative legal pathways. “We have alternatives, great alternatives,” he said. “We’ll take in more money and we’ll be a lot stronger for it.”

The president also announced the launch of multiple Section 301 investigations targeting what he described as unfair trade practices by foreign governments and companies. However, such investigations typically take months to conclude, while the newly announced 10% tariff can remain in place for only 150 days under Section 122 authority.

The decision marks the administration’s latest effort to preserve its aggressive trade policy agenda following the high court’s ruling.

Fidel Perez

Recent Posts

14 people hospitalized at The Chainsmokers concert

Fourteen people were taken to hospitals after a series of medical emergencies during The Chainsmokers’…

6 days ago

Five de@d as Amazon cargo plane crashes at Miami International Airport

At least five people have been killed and five others injured after an Amazon Air…

6 days ago

“We were banned from acting in 2015 because we were pushing to raise the standard of Nollywood” — Nigerian actress, Omotola Jalade

Veteran Nigerian actress Omotola Jalade has opened up about a period when she seemingly disappeared…

6 days ago

Singer Orezi vows to cancel any friend supporting Lindsay Clancy

Singer Esegine Orezi Allen aka Orezi has vowed to cancel any of his friends supporting…

6 days ago

Nigerian Army declares ‘Gentle The Yahoo’ wanted, offers N30m reward

The Nigerian Army under Operation Udoka, has declared one Ifeanyi Eze Okorienta, popularly known as…

6 days ago

Two de@d, multiple injured as gunman opens fire in Minneapolis

Two people have di£d and several more were injured, including three police officers, when a…

1 week ago

This website uses cookies.