Trump Orders New 10% Global Tariff After Court Ruling

• Donald Trump unveiled a 10% global tariff, effective in three days, citing Section 122 authority.

• The Supreme Court of the United States blocked prior tariffs under IEEPA but not tariffs outright.

• Section 232 and 301 tariffs remain active, while Bitcoin showed minimal market reaction.

U.S. President Donald Trump announced a new 10% global tariff during a press conference today, following a Supreme Court ruling. The decision affects all trading partners and adds to existing tariffs. Trump said the move responds directly to limits placed on his tariff authority and will begin within three days.

New Tariff Plan Follows Supreme Court Decision

Trump said the new tariff will rely on Section 122 authority, not the International Emergency Economic Powers Act. The announcement followed a ruling by the Supreme Court, which blocked tariffs imposed under IEEPA. According to the court, the president lacked authority under that law.

However, Trump stressed that the ruling did not ban tariffs outright. Instead, he said it rejected a specific legal approach. He explained the new 10% global tariff will apply on top of existing import duties. The tariff will take effect three days after the order is signed.

Trump shared details through Truth Social, noting the tariff will last five months. He added that Congress could approve an extension if needed. The administration plans to begin new trade investigations during that period.

Existing Section 232 and 301 Tariffs Remain Active

Trump confirmed that all national security tariffs under Section 232 remain active. He also said all Section 301 tariffs stay fully in force. According to Trump, these measures continue immediately, without changes or delays.

Additionally, the administration plans to launch several new Section 301 investigations. Trump said these efforts aim to address unfair trading practices. He emphasized that trade enforcement remains a priority despite the court ruling.

Trump also addressed tariff revenues collected under the blocked authority. He said refunds remain unlikely, except through litigation. He added that legal challenges could take up to five years to resolve.

Market Reaction and Bitcoin Response

Following the announcement, Bitcoin prices showed little reaction. The asset traded within a narrow range after the tariff news. Market data showed no immediate volatility linked to the policy update.

The tariff announcement added clarity on trade policy direction. However, financial markets largely held steady as details emerged.