President Donald Trump announced plans to restore tariffs after the Supreme Court struck down much of his previous trade measures. He said he would use Section 122 of the Trade Act of 1974 to impose a 10% global tariff, aimed at addressing trade imbalances ...

Trump announced a 10% global import duty grounded in Section 122 of the Trade Act of 1974, a lesser-used statute that allows the president to impose temporary tariffs of up to 15% for up to 150 days without lengthy investigations. The move is intended to partially compensate for revenue lost after courts curtailed his earlier tariff authority.