Almost instantaneously after a stinging Supreme Court verdict, President Donald Trump has authorized a 10% tariff on imports from every nation worldwide, signing the directive amid cheers from his base.
Context is key: Elected anew, Trump sought variable tariffs to enforce equitable trade. The court nixed IEEPA application, prompting this uniform alternative under fresh legal grounds.
Truth Social lit up with his announcement: ‘Signing all-countries global 10% tariff from Oval Office – huge honor, effective almost now!’ Press comments revealed his court critique: unable to levy even minimal fees despite powers to sever ties completely.
White House briefings pinpoint affected parties – trade negotiators including the EU, Japan, UK, and India – now under this provisional 10% blanket via Section 122. ‘Court blocked IEEPA tariffs; we’re adapting temporarily,’ an insider shared, calling for sustained partner adherence to deal terms amid pursuit of stable frameworks.
Trump positions this as strategic defense, saving U.S. resources without revenue pursuit. Detractors foresee trade wars and consumer hikes, yet his resolve fortifies ‘America First’ ethos. Global reactions pour in, with futures tumbling and calls for talks intensifying.