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  • 2 hours ago
On the heels of his US Supreme Court defeat, US President Donald Trump said he'll sign an executive order that would impose a 10% global tariff under federal law known as Section 122.

The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively.

The president also said he is exploring other tariffs through other avenues, such as Section 232, which would require an investigation through the Commerce Department.

The US Supreme Court struck down Trump’s far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda.

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00:00But now I'm going to go in a different direction, probably the direction that I should have gone the first
00:09time, but I read the language. I'm very good at reading language and it read our way 100 percent, but
00:14now I'll go the way I could have gone originally, which is even stronger than our original choice.
00:20Therefore, effective immediately, all national security tariffs under Section 232 and existing Section 301 tariffs, they're existing, they're there, remain
00:33in place, fully in place and in full force and effect.
00:38But today I will sign an order to impose a 10 percent global tariff under Section 122, over and above
00:46our normal tariffs already being charged.
00:49And we're also initiating several Section 301 and other investigations to protect our country from unfair trading practices of other
01:01countries and companies.
01:13you
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