Washington (BBC): US President Donald Trump has introduced a new 10 per cent global tariff after the Supreme Court of the United States struck down most of his previous worldwide import taxes in a 6-3 ruling.
The court ruled that Trump had exceeded his authority by using the 1977 International Emergency Economic Powers Act to impose sweeping tariffs on goods from nearly every country. Chief Justice John Roberts wrote that Congress had not granted the president broad powers to set tariffs without clear limits.
The decision marked a major victory for US states and businesses that had challenged the policy and could lead to billions of dollars in potential refunds. However, Trump signalled that any refunds would face lengthy legal battles.
Within hours of the ruling, Trump invoked Section 122 of US trade law to impose a new 10 per cent tariff for up to 150 days.
The administration said countries that had negotiated trade arrangements with Washington, including the UK, India and the European Union, would now be subject to the new 10 per cent tariff under the revised measure
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