World

Trump Says He Will Sign Executive Order Imposing Ten Percent Global Tariff

Share
Share

President Donald Trump announced that he will sign an executive order imposing a ten percent global tariff on imported goods, signaling a rapid policy shift aimed at restoring trade leverage after a major legal setback. The move comes amid heightened scrutiny of presidential trade authority and growing debate over how the administration intends to recalibrate its economic strategy.

Speaking during a public address, Trump said the executive order would establish a uniform tariff rate across a broad range of imports. He described the measure as necessary to protect domestic industries and strengthen the United States position in negotiations with key trading partners. Administration officials indicated the order is structured to rely on statutory provisions they believe fall within established executive powers.

The announcement follows a recent Supreme Court ruling that invalidated earlier sweeping tariffs on the grounds that the executive branch had exceeded its emergency authority. In response, White House advisers worked to craft what they describe as a narrower and more defensible framework. The proposed ten percent tariff is presented as a transitional mechanism while lawmakers and officials assess longer term trade legislation.

Economic analysts are divided on the potential impact. Some argue that a predictable tariff level may provide temporary certainty for certain manufacturing sectors. Others warn that broad based duties could raise input costs for businesses and contribute to higher consumer prices. Financial markets reacted cautiously to the news, with investors weighing the implications for global supply chains and inflation trends.

  International Energy Agency Warns of Volatile Oil Markets Amid Geopolitical Risks

Business groups also expressed mixed reactions. Industry representatives in sectors that compete with imports welcomed the proposed tariff, citing concerns about foreign competition. Retail and logistics associations cautioned that across the board duties may disrupt established trade networks and complicate inventory planning.

International responses have begun to emerge. Several governments indicated they are reviewing the details of the forthcoming order to determine compliance with existing trade agreements. Diplomatic discussions are expected to intensify as the measure moves from announcement to implementation.

Trump framed the executive order as an assertion of economic sovereignty and a demonstration of resolve following judicial resistance. Congressional leaders have not ruled out legislative action to clarify the scope of presidential trade authority. As the administration prepares to formalize the order, attention now turns to whether the new tariff framework will withstand legal scrutiny and how it will shape the broader trajectory of United States trade policy.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *