Trump Orders 10% Global Tariff Following Supreme Court Ruling

Donald Trump signed a proclamation for a new 10 percent global tariff effective February 24 after the Supreme Court invalidated his previous trade penalties.The 6-3 judicial ruling prompted state leaders like JB Pritzker and Zach Conine to demand refunds of up to $175B in voided duties collected since 2025.The new administration order invokes Section 122 of the Trade Act to bypass the court for 150 days while exempting partners like Canada and Mexico.Although Donald Trump criticized the justices as a disgrace, the measure remains time-limited and experts at PWC warn of increased corporate uncertainty.