Trump announces new 10% global tariff after raging over Supreme Court loss

He will sign an executive order later Friday imposing the new duties, which are being invoked under Section 122 of the Trade Act of 1974.

Tariffs conjured using that statute can only last for 150 days, with any extension requiring congressional approval.

Asked at the press briefing about that time limit, Trump said, “We have the right to do pretty much what we want to do.”