Trump: Will impose an additional 10% tariff on all U.S. imports from around the world on top of the regular tariffs

On February 20th, local time, U.S. President Trump stated that he will sign an order under Section 122 of the U.S. Trade Act of 1974, to impose an additional 10% tariff on goods imported into the U.S. globally, on top of the existing conventional tariffs.

Trump made this statement during a press conference following the U.S. Supreme Court’s ruling that his tariff policies were unlawful. He also said that the 10% tariff policy is expected to take effect “within about three days.”

Trump further stated that all so-called “national security tariffs” imposed under Section 301 of the Trade Act of 1974 remain in effect.

Earlier on the 20th, the U.S. Supreme Court ruled that the Trump administration’s large-scale tariff measures implemented under the International Emergency Economic Powers Act lacked clear legal authorization. However, the ruling only restricts the president from implementing tariffs through the International Emergency Economic Powers Act and does not completely deprive him of the authority to impose tariffs. The Supreme Court also did not specify whether the tariffs already collected should be refunded or how to proceed with refunds.

After taking office in January 2025, the Trump administration invoked the International Emergency Economic Powers Act to implement a series of tariff increases without congressional approval, through executive orders. This action was challenged multiple times by U.S. companies and several state governments. In May of that year, the U.S. International Trade Court ruled that the Trump administration’s actions were unlawful and prohibited the enforcement of executive orders that imposed tariffs on multiple countries under the International Emergency Economic Powers Act.

The U.S. Federal Circuit Court of Appeals upheld the ruling of the U.S. International Trade Court in August 2025 but did not immediately prohibit the Trump administration from continuing to impose tariffs under the law. The Supreme Court held oral arguments on the case in November of that year, with several justices questioning the legality of the Trump administration’s comprehensive tariff policies.

(Source: CCTV News)