Trump announces 10% global tariff after raging over Supreme Court loss
President Donald Trump said Friday he would sign an executive order imposing a new 10% “global tariff” just hours after the Supreme Court struck down sweeping “reciprocal” import duties in a major rebuke of his trade agenda.
The new “Section 122” tariffs would be on top of taxes that remained unchanged following the high court’s decision, Trump said at a White House press conference as he railed against the “extremely disappointing” decision.
“I’m ashamed of some of the members of the court, I’m absolutely ashamed that I didn’t have the courage to do what was right for our country,” Trump said.
The court’s decision invalidated the legal basis for many of the tariffs that Trump argued were necessary to rebuild the U.S. economy and America’s shrinking manufacturing base.
Judges struck down tariffs Trump imposed using the International Emergency Economic Powers Act (IEEPA). Trump’s “reciprocal” tariffs and tariffs on drug trafficking were tied to this law.
The majority ruled Friday that IEEPA “does not authorize the President to impose tariffs.”
The newly proposed 10% tariffs, which come with a 150-day time limit, would replace the IEEPA mandates, a White House official told CNBC later Friday.
That could mean lowering U.S. tariffs for some countries that have made trade deals or are in ongoing trade talks with the Trump administration.
This was because many of these countries and territories faced US tariffs of over 10% as part of these agreements. For example, the European Union reached an agreement. 15% tariff As part of the trade agreement with the US
These tariffs were largely implemented under the IEEPA, meaning they were invalidated as a result of the Supreme Court decision.
This change could be significant for China, which faces two sets of 10% IEEPA-based U.S. tariffs on top of the 25% tariff in effect. Those IEEPA tariffs will be replaced by Trump’s new global tariff that will bring China’s total rate to 35%, a White House official told CNBC.
Trump has been adamant that he will find other ways to impose tariffs without Congress. The White House official said rates charged to individual countries could return to higher levels as the administration works on additional regulatory tariff pathways.
When asked at Friday’s press conference why he didn’t want to work with the legislature, Trump said, “I don’t have to. I have the right to impose tariffs.”
Trump’s words wavered between defiance and harshness. He even went after his nominated Justices Neil Gorsuch and Amy Coney Barrett after they voted with a majority in the 6-3 tariff decision.
“I think their decisions are terrible,” Trump said. “I think it’s an embarrassment to their families, you want to know the truth. Both of them.”
Later on Friday, he said he would sign an order implementing the new 10% tax, citing Article 122 of the 1974 Commercial Code. Tariffs created using this law can only last 150 days, and any extensions require congressional approval.
Asked at the press briefing about this time limit and getting the support of Congress, Trump said, “We have the right to do almost anything we want to do.”
Trump also announced that all active tariffs under laws known as Section 232 and Section 301 will remain “in full force and effect.”
The Trump administration has also used Section 301 to launch several investigations into possible unfair trade practices, which could result in additional new tariffs, Trump said.
Most of the U.S. tariff revenue generated last year came from IEEPA duties.
“Other alternatives will now be used to replace the ones that the court mistakenly rejected,” Trump said on Friday. he said.
“We will get more money and we will be much stronger for it,” he said.
Speaking at the Economic Club of Dallas shortly after Trump, Treasury Secretary Scott Bessent said the administration would replace the rejected IEEPA tariffs by drawing on a number of other existing tariff laws.
Doing so “will result in virtually unchanged tariff revenue in 2026,” Bessent said. “No one should expect tariff revenues to fall.”
— CNBC’s Eamon Javers contributed to this report.
