Trump to Implement New Tariffs After Supreme Court Ruling on IEEPA

Trump Announces New Tariffs Following Supreme Court Ruling

President Donald Trump announced Friday that his administration will implement a “10% global tariff…over and above the normal tariffs already being charged” after the Supreme Court struck down his previous sweeping tariff regime. The move comes in response to a 6-3 Supreme Court decision that ruled the International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to levy tariffs.

Speaking at a press briefing, Trump described the court’s ruling as “deeply disappointing,” but insisted his administration is prepared to replace the invalidated tariffs with alternative measures. He stated these new measures, authorized under Section 122 of the Trade Act of 1974, will “actually increase” the amount of money coming into the country.

The administration will also initiate several trade investigations under Section 301, Trump added. He emphasized that “all national security tariffs” under Section 232 and Section 301 “remain fully in place and in full force and effect.”

The Supreme Court’s decision specifically targeted tariffs imposed under IEEPA, which Trump had invoked citing trade deficits and the flow of fentanyl and other illegal drugs as national emergencies. The ruling leaves unaffected tariffs implemented under Section 232 of the Trade Expansion Act of 1962, which are based on national security concerns.

Section 232 tariffs currently include a 50% levy on imports of semi-finished copper products, a 25% levy on certain imported semiconductors – including those produced by Nvidia (NVDA) – and tariffs on automobiles, including 25% levies on trucks and 10% levies on buses.

The court’s decision potentially opens the door to nearly $150 billion in refunds for businesses that paid tariffs under the invalidated IEEPA authority, according to reports. However, the immediate impact will likely be felt through the implementation of the new 10% global tariff.

While the Supreme Court’s ruling limits the president’s authority to impose tariffs under IEEPA, it does not eliminate his ability to utilize other trade laws and regulations. Trump indicated his administration possesses “methods, statutes, practices, and authorities” recognized by the court system and Congress that are “even stronger than IEEPA tariffs.”

The president’s announcement follows a pledge earlier Friday to impose the 10% global tariff, a move he framed as a response to the Supreme Court’s decision. The tariff is authorized for 150 days and can only be extended with Congressional approval.