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
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 …