After the Supreme Court struck down his emergency tariff program, President Trump signed a proclamation using Section 122 of the Trade Act of 1974 to impose a temporary ten percent global tariff on most imports. (apnews.com) The president announced the move on Truth Social and said the surcharge aims to address large balance‑of‑payments deficits and bolster American manufacturing. (business-standard.com) The duty is scheduled to take effect at 12:01 a.m. Eastern on February 24 and may last up to one hundred fifty days unless Congress acts. (business-standard.com) The action sparked warnings about higher consumer prices, legal challenges, and international retaliation and market volatility concerns. (apnews.com)

<p>After the Supreme Court struck down his emergency tariff program, President Trump signed a proclamation using Section 122 of the Trade Act of 1974 to impose a temporary ten percent global tariff on most imports. (<a href="https://apnews.com/article/0485fcda30a7310501123e4931dba3f9?utm_source=openai">apnews.com</a>) The president announced the move on Truth Social and said the surcharge aims to address large balance‑of‑payments deficits and bolster American manufacturing. (<a href="https://www.business-standard.com/world-news/trump-invokes-1974-trade-law-to-impose-10-global-tariff-after-sc-setback-126022100038_1.html?utm_source=openai">business-standard.com</a>) The duty is scheduled to take effect at 12:01 a.m. Eastern on February 24 and may last up to one hundred fifty days unless Congress acts. (<a href="https://www.business-standard.com/world-news/trump-invokes-1974-trade-law-to-impose-10-global-tariff-after-sc-setback-126022100038_1.html?utm_source=openai">business-standard.com</a>) The action sparked warnings about higher consumer prices, legal challenges, and international retaliation and market volatility concerns. (<a href="https://apnews.com/article/0485fcda30a7310501123e4931dba3f9?utm_source=openai">apnews.com</a>)</p>

Breaking: After the Supreme Court struck down his tariffs, Trump invoked Section 122 to impose a 10% global import surcharge starting Feb 24 (150 days), sparking warnings of higher prices, lawsuits and retaliation. Thoughts? Comment. Source: AP. (apnews.com)

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