Trump Signs 10 pc Global Tariffs on All Countries After SC Setback

US President Donald Trump on Friday (US local time) signed an order imposing a 10 per cent global tariff on all countries, effective “almost immediately.” 

Sharing the announcement on Truth Social, Trump wrote, “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. Thank you for your attention to this matter!



PRESIDENT DONALD J. TRUMP.”

A White House official said the new tariff would remain in place until another legal authority is invoked and stressed that trade partners are expected to comply with US trade agreements.

The 10 per cent tariff forms part of Trump’s protectionist trade agenda, aimed at addressing balance-of-payments concerns and what he describes as unfair trade practices.