Trump vows 10% global tariff after stinging court rebuke

President Donald Trump announced a new 10% global tariff in response to a recent Supreme Court ruling that determined his previous tariffs exceeded presidential authority. The Supreme Court's 6-3 decision focused on tariffs imposed under an emergency powers law, including the extensive "reciprocal" tariffs that Trump had levied on nearly every other country. This ruling has prompted Trump to assert his intention to continue pursuing tariffs despite the setback. Following the Supreme Court's decision, Trump expressed his dissatisfaction and indicated that he would not refund tariff fees already collected by the U.S. government. This statement suggests that the administration plans to maintain its current tariff policies, even in light of the judicial rebuke. The new global tariff is part of Trump's broader strategy to address trade imbalances and exert pressure on foreign nations. The announcement of the 10% global tariff comes amid ongoing discussions about trade relations and economic policies. Trump's administration has previously implemented various tariffs as a means of negotiating better trade terms with other countries. The Supreme Court ruling has raised questions about the extent of presidential power in imposing such tariffs, but Trump remains committed to his approach. In summary, the Supreme Court's ruling has led Trump to propose a new 10% global tariff, reinforcing his stance on tariffs despite legal challenges. The administration's plans include not refunding previously collected tariffs, indicating a continuation of its trade policy agenda.