After the Supreme Court ruling, Trump’s backup option: imposing a 10% global tariff

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After most of the tariffs were given a "red card" by the U.S. Supreme Court last year, U.S. President Trump quickly took remedial measures to patch up the tariff barriers he had planned.

On Friday, the 20th, during U.S. East Coast midday trading hours, Trump announced at a press conference that, based on the current tariffs, he would impose an additional 10% global tariff under Section 122 of the Trade Act of 1974. All tariffs imposed under Section 232 of the Trade Expansion Act of 1962 relating to national security, as well as the existing Section 301 of the Trade Act of 1974, will be fully enforced.

Earlier on Friday, the U.S. Supreme Court announced a ruling overturning most of the tariff measures implemented during Trump’s second presidential term, including the so-called reciprocal tariffs and "fentanyl tariffs."

According to CCTV News, on the 20th local time, the U.S. Supreme Court ruled that the Trump administration lacked clear legal authorization for the large-scale tariffs imposed under the International Emergency Economic Powers Act (IEEPA).

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