Donald Trump announces 10% global tariffs after SC deems his reciprocal tariffs illegal

A furious Donald Trump on Friday announced that he would be signing an executive order imposing a 10% global tariff. Trump’s statement comes within hours of the US Supreme Court striking down his reciprocal tariffs and deeming them as illegal.“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 US president said during his press conference.Following the Supreme Court’s decision to invalidate his tariff measures, Trump said his administration would pursue different avenues to restore the trade duties that had been overturned.

The Supreme Court verdict is being seen as a big setback to one of his central economic initiatives.Speaking at a press briefing, Trump said that alternative mechanisms would be deployed to substitute those the court had, in his view, wrongly dismissed, and suggested that these new approaches might even generate higher revenues.This story is being updated