Following a ruling by the U.S. Supreme Court declaring his previous tariffs on foreign goods illegal, U.S. President Donald Trump has issued a new executive order imposing a 10% tariff on imports from all countries.
According to the White House, the tariff will be applied for 150 days on most goods imported into the United States. Certain items, however, will be exempt from the temporary duty. Exempted goods include minerals, fertilizers, metals, energy equipment, agricultural products, pharmaceuticals, and raw materials for medicines.
The new tariff will not apply to imports under the United States-Mexico-Canada Agreement (USMCA). Previously, the Supreme Court had ruled that Trump’s additional tariffs were illegal because the law under which they were imposed—intended for national emergencies—did not grant him the authority to levy extra duties.
Responding to the court ruling, Trump expressed dissatisfaction, claiming that some members of the Supreme Court were embarrassed by the decision. He suggested that while the world might welcome the court’s verdict, the satisfaction would be short-lived, asserting that profits from the tariffs would continue to rise.
