#TrumpNewTariffs Donald Trump has signed an order imposing a 10% global tariff on imports from all countries, effective almost immediately, after the US Supreme Court ruled that he exceeded his authority under the International Emergency Economic Powers Act (IEEPA). This new tariff is in addition to existing tariffs and will remain in place for 150 days unless extended legislatively ¹ ².

*Key Details:*

- *Tariff Rate*: 10% global tariff on imports from all countries

- *Duration*: Initial 150 days, unless extended legislatively

- *Existing Tariffs*: National security tariffs under Sections 232 and 301 will remain in place

- *Economic Impact*: Estimated to increase federal tax revenues by $171.1 billion in 2026, but may reduce US GDP by 0.5%

The Supreme Court's ruling has caused uncertainty in global markets, with Asian economies weighing the impact of fresh Trump tariff moves. The tariffs are expected to have a significant impact on US consumers, with nearly 90% of the economic burden falling on them ³ ⁴.

Would you like to know more about the potential impact of these tariffs on specific industries or countries?