'Adjustment begins': Trump imposes 10% global tariff after US Supreme Court's setback

US President Donald Trump has announced to have imposed a global tariff of 10% on all international imports into the United States. This comes the US Supreme Court struck down his sweeping and often arbitrary duties, delivering a stinging rebuke of his signature economic policy.Announcing the move on his social media platform, Truth Social, Trump said the order would be “effective almost immediately.”He wrote, "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."

Expressing his displeasure with the Supreme Court's order, he ridiculed the decision, stating he shall begin the "adjustment process" and will be incorporating measures to "take in more money than before."On his Truth Social, he wrote, "Those members of the Supreme Court who voted against our very acceptable and proper method of TARIFFS should be ashamed of themselves. Their decision was ridiculous but, now the adjustment process begins, and we will do everything possible to take in even more money than we were taking in before!"

Earlier, while outlining his decision, Trump cited Section 122 and said he would also initiate investigations under Section 301 of the US Trade Act, which allows tariffs in response to unfair foreign trade practices.

Speaking at a press conference, he said, "Today, I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being charged, and we're also initiating several Section 301 and other investigations to protect our country from unfair trading practices."

The new tariff is set to take effect on February 24 and will remain in place for 150 days. Exemptions will continue for sectors currently under separate investigations, including pharmaceuticals, as well as for goods entering the US under the US-Mexico-Canada Agreement, according to a White House factsheet.Trump’s latest move follows a year in which he imposed varying tariff rates to pressure and penalise countries, both allies and adversaries.However, the conservative-majority Supreme Court ruled 6–3 on Friday that a 1977 law Trump had relied on to impose sudden tariffs on individual countries, reshaping global trade flows, “does not authorise the President to impose tariffs.” Notably, Trump had nominated two of the justices who joined the majority opinion against him.Reacting angrily to the ruling, Trump alleged, without providing evidence, that the court had been influenced by foreign interests. "I'm ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what's right for our country," Trump told reporters.He further insisted that the judgment had, in fact, strengthened his authority. "In order to protect our country, a president can actually charge more tariffs than I was charging in the past," Trump said, adding that the ruling left him "more powerful."Treasury Secretary Scott Bessent, speaking at the Economic Club of Dallas, defended the alternative approach, saying it "will result in virtually unchanged tariff revenue in 2026."