USA – Donald Trump announced on Friday that he’d signed documents imposing 10% tariffs on all imports to US.
“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 on his Truth Social platform.
In a 6-3 ruling, the court said Trump exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency.
In a separate post, Trump called the court’s decision “ridiculous” and asserted that the US would continue to seek ways to increase revenue.
“Those members of the Supreme Court who voted against our very acceptable and proper method of tariffs should be ashamed of themselves.
“Their decision was ridiculous but, now the adjustment process begins, and we will do everything possible to take in even more money than we were taking in before!” he added.
The White House said Trump signed a proclamation imposing a temporary import duty, which will take effect Feb. 24 at 12.01 EST (0501GMT) and is set to remain for 150 days.
Certain goods will be exempt from the temporary tariff to protect the US economy and ensure the measure effectively addresses payment imbalances.
According to the fact sheet released by the White House, exemptions include critical minerals, metals, energy and energy products, agricultural products such as beef, tomatoes, and oranges, pharmaceuticals and related ingredients, certain electronics, aerospace products, vehicles, and informational materials like books.
It said, in addition, the following goods will not be subject to the temporary import duty: goods already covered under Section 232, USMCA-compliant imports from Canada and Mexico, and duty-free textiles from Central American countries.
In a parallel action, Trump also extended the suspension of duty-free de minimis treatment for low-value shipments, ensuring the shipments are also subject to the temporary import duty.
Several Tariff Actions Terminated
Trump issued an executive order Friday terminating the collection of additional ad valorem duties imposed under several previous executive orders addressing national security, trade imbalances and foreign threats.
“In light of recent events, the additional ad valorem duties imposed pursuant to IEEPA (International Emergency Economic Powers Act) … shall no longer be in effect and, as soon as practicable, shall no longer be collected,” the White House said.
According to the order, all affected departments and agencies are directed to take immediate steps to stop collecting the additional duties, with modifications to the Harmonized Tariff Schedule to be made as needed.
The order clarifies that other recent trade measures, including the Feb. 20 temporary import surcharge and suspension of duty-free de minimis treatment, remain in effect.
The White House emphasized that the action only terminates specific ad valorem duties under IEEPA and does not alter tariffs imposed under other trade authorities, including Section 232 of the Trade Expansion Act or Section 301 of the Trade Act of 1974.
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