US President Donald Trump on Friday announced a temporary 10 per cent global import duty for 150 days after the Supreme Court of the United States declared his global tariffs "unlawful". While criticising the top court's orders, he also launched a fresh probe under provisions that could pave the way for fresh trade levies. The US president, hours after the top court invalidated the additional tariffs, asserted that he would impose tariffs using alternative authorities.

What Did Trump Say?

In a Truth Social post, Trump stated that the additional 10 per cent tariffs will be imposed "almost immediately". "It is my Great Honor to have just signed, from the Oval Office, a Global 10 per cent Tariff on all Countries, which will be effective almost immediately," he stated in the post. While talking to the reporters, the US president asserted that he was invoking Section 122 of the Trade Act of 1974 to impose fresh tariffs.

"The Supreme Court’s decision today made a president’s ability to both regulate trade and impose tariffs more powerful and more crystal clear, rather than less," Trump said. "I’m ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what’s right for our country," he added.

ALSO READ: Trump's First Reaction To India Post Tariff Verdict: 'Nothing Changes, They'll Be Paying, Not Us'

Tariff Revenues Unchanged: Scott Bessent

Treasury Secretary Scott Bessent asserted that the fresh 10 per cent import duty, along with the provisions under Sections 301 and 232, would keep the tariff revenues unchanged. However, he acknowledged that the Supreme Court's decision had affected Trump's negotiating leverage with other trading partners.

"We will get back to the same tariff level for the countries. It will just be in a less direct and slightly more convoluted manner," Bessent told Fox News. While it has not been used yet, Section 122 allows the president to impose up to 15 per cent tariffs for a maximum of 150 days to address "serious" balance-of-payments problems; however, the administration is required to seek approval of Congress for any extension beyond 150 days.

ALSO READ: US Supreme Court Blocks Trump’s Global Tariffs, Provides Major Relief To Indian Exporters | What We Know So Far