Trump says he will sign order for 10% global tariff

Following a U.S. Supreme Court ruling that his country-specific reciprocal tariffs are illegal, President Donald Trump said he will sign an order imposing a 10% global tariff on top of existing duties, citing Section 122 of the Trade Act. Section 122 allows the president to impose tariffs of up to 15% for 150 days to address major trade deficits or balance of payments issues, though this authority has never been used to implement tariffs. Trump stated that Sections 232, 122, 201, and 301 are all options, adding that Section 338 is also available but involves a longer process. He emphasized that Section 122 would take effect today and that he would sign it.