President Donald Trump announced he had signed a Proclamation imposing a “global” ten percent tariff “on all Countries,” hours after the Supreme Court struck down his sweeping, global tariffs created under the International Emergency Economic Powers Act (IEEPA).
“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately,” Trump wrote in a post on Truth Social. “Thank you for your attention to this matter!”
In a fact sheet from the White House, it was explained that “Trump is invoking his authority under section 122 of the Trade Act of 1974, which empowers…
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