Trump Signs New 10% Global Tariff to Bypass Supreme Court Ruling

Donald Trump signed a new executive order to impose a 10% global tariff after the Supreme Court ruled 6-3 that his previous trade duties were unconstitutional.John Roberts led the majority decision which invalidated the use of the International Emergency Economic Powers Act and could force the government to pay up to $240B in refunds to corporations like Apple and Toyota.The new measure utilizes Section 122 of the Trade Act of 1974 for a 150-day period while Donald Trump continues to target trade practices in China, India, and Brazil.This follow-up action came as Donald Trump criticized the prosecution of Jair Bolsonaro and dismissed the judicial block on his economic strategy as ridiculous.