President Donald Trump made it official on Friday night, signing into effect a revised version of his global tariff regime mere hours after the Supreme Court invalidated his use of emergency economic powers.
Trump made the announcement on his Truth Social platform.
"It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately," wrote the president. "Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP"
This comes after both Trump and Treasury Secretary Scott Bessent outlined their specific plan to use a number of other federal statutes to impose essentially the same tariffs, insisting that the court's ruling wasn't really a loss for the administration.
But some economic experts have already flagged major legal holes in those statutes that would appear to prohibit the kind of universal tariff scheme Trump is enacting.
