Trump Imposed 10% Global Tariffs Minutes After Supreme Court Ruling

WASHINGTON — President Donald Trump signed an executive order Friday imposing a new 10% global tariff on all countries under Section 122 of U.S. trade law, hours after the Supreme Court struck down his broader tariff authority in a 6-3 ruling that invalidated levies imposed under the International Emergency Economic Powers Act.

"Today, I will sign an order to impose a 10 percent global tariff over and above our normal tariffs already being charged," Trump told reporters at a White House press conference, adding that all existing Section 232 national security and Section 301 tariffs remain "fully in place." The new duties take effect February 24.

Unlike the invalidated tariffs, Section 122 law requires the 10% rate be non-discriminatory,  meaning the president cannot selectively spare specific trading partners. Key exemptions apply, however, covering energy, pharmaceuticals, autos, aerospace, and USMCA-compliant goods from Canada and Mexico.

Trump also announced new Section 301 trade investigations into specific unnamed countries — a process that could take months but would eventually enable higher targeted tariffs. Treasury Secretary Scott Bessent assured the overall tariff revenue in 2026 would remain "virtually unchanged."