President Trump has just signed an executive order from the Oval Office, imposing a 10% global tariff on imports from all countries.

This move comes hours after the Supreme Court struck down his earlier sweeping tariffs (issued under the International Emergency Economic Powers Act), in a 6-3 ruling that found they exceeded presidential authority.

The new tariffs are enacted under Section 122 of the Trade Act of 1974, allowing temporary duties of up to 15% for 150 days to address balance-of-payments issues—without needing immediate congressional approval. Trump described it as a "Global 10% Tariff on all Countries, which will be effective almost immediately" in his Truth Social post.

Key details from reports:

It replaces (or supplements) the invalidated tariffs.

Certain exemptions apply (e.g., some critical minerals, specific agricultural products, pharmaceuticals, energy items, and goods already under other tariffs).

The White House frames it as protecting American workers, farmers, and manufacturers while tackling "fundamental international payment problems."

Critics warn of potential trade tensions, higher consumer prices, and legal challenges ahead.

This is a fast-moving development—implementation starts soon (likely early next week), and it could spark reactions from trading partners worldwide.$BTC