President announces temporary 10% global tariff, says litigation over refunds may take 2 to 5 years. Treasury says alternative tariff authorities could keep 2026 revenue roughly unchanged

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PRESIDENT TRUMP ANNOUNCES NEW GLOBAL TARIFF PLAN

• 10% global tariff will be imposed for ~5 months on top of existing tariffs
• Tariff refunds will be litigated and could take 2–5 years to resolve
• Does not need Congressional approval to impose tariffs
• Frames Supreme Court decision as not materially constraining presidential tariff authority going forward



JUST IN: Treasury Sec. Scott Bessent just STUNNED the “Experts,” he and Trump have been making big plans and it’s FULL-STEAM AHEAD

Tariff revenue will be *unchanged* in 2026. Boom.

“Let’s be clear about what today’s ruling WAS and what it WASN’T. Despite the misplaced GLOATING from Democrats, ill-informed media outlets, and the very people who gutted our industrial base, the Court did not rule against President Trump’s tariffs.”

“Six justices simply ruled that IEEPA authorities cannot be used to raise even $1 of revenue.”

“This administration will invoke alternative legal authorities to replace the IEEPA tariffs.”

“We will be leveraging Section 232 and Section 301 tariff authorities that have been validated through thousands of legal challenges.”

“Treasury’s estimates show that the use of Section 122 authority, combined with potentially enhanced Section 232 and Section 301 tariffs, will result in virtually unchanged tariff revenue in 2026.”