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    Trump to impose new tariffs after SCOTUS rules IEEPA usage illegal

    Written by Stephanie Ritenbaugh


    President Trump said he will impose a 10% global tariff under another statute and rely on others after the US Supreme Court on Friday struck down his use of sweeping duties under the International Emergency Economic Powers Act (IEEPA).

    The latest 10% tariff is expected to be enacted over the next several days using Section 122. The statute allows a president to impose duties of up to 15% for up to 150 days on countries “to deal with large and serious United States balance-of-payments deficits.”

    Stephanie Ritenbaugh

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