Donald Trump has announced a global tariff after the US Supreme Court ruled that his previously imposed duties are illegal.
The new 10% tariff will apply to all countries and be effective “almost immediately”, the US president said in a post on his Truth Social platform.
It comes after six of the Supreme Court’s nine judges voted to overturn Mr Trump’s signature economic policy, handing him a significant loss.
The judgment was in response to an application brought by businesses affected by the tariffs from 12 mostly Democrat-run states.
The applicants challenged the way the US president imposed the sweeping country-specific taxes.
Trump latest: Tariffs snubbed by Supreme Court
Traditionally, tax-raising measures like tariffs are taken through Congress but the president wished to bypass that process.
But the majority judgment found the US constitution “very clearly” gives Congress that power.
“The framers did not vest any part of the taxing power in the executive branch,” US Chief Justice John Roberts wrote.
The case is the first challenge to a major part of Mr Trump’s agenda to be ruled on by the Supreme Court.
Responding to the decision, Mr Trump described it as a “disgrace”.
He said he was “ashamed of certain members” of the Supreme Court for not “having the courage to do what’s right” for the US.
He also thanked the three justices who voted in his favour, before claiming that foreign countries “who have been ripping us off for years” were now “dancing in the streets”.
Mr Trump’s administration had argued that a 1977 law allowing the president to regulate importation during emergencies also allowed him to set tariffs.
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