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

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 Courts decision invalidating Trumps 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. Well take in more money and well 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 administrations latest effort to preserve its aggressive trade policy agenda following the high courts ruling. The post Trump announces temporary 10% Global tariff after they were struck down by Supreme Court appeared first on Linda Ikeji Blog.