preCharge News BUSINESS — President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff”, just hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major setback for his trade agenda.

The new tariffs will be imposed under Section 122 authority and will come on top of existing levies that remain in effect following the court’s decision, Trump said during a heated White House press briefing.

Court Ruling Invalidates Core Tariff Authority

Supreme Court Strikes Down Reciprocal Duties

The court’s ruling invalidated the legal foundation of many tariffs Trump has argued are essential to rebuilding the U.S. manufacturing base and strengthening the domestic economy.

The majority ruled that the International Emergency Economic Powers Act, or IEEPA, “does not authorize the President to impose tariffs.” Trump’s reciprocal tariffs and drug-trafficking-related duties had relied on that statute.

Most U.S. tariff revenue generated last year stemmed from the now-invalidated IEEPA-based duties.

Trump Rejects Congressional Role

President Signals He Will Bypass Lawmakers

Trump reacted angrily to the decision, calling it “deeply disappointing” and insisting he has unilateral authority to impose tariffs without Congress.

“I don’t have to,” Trump said when asked why he would not seek legislative approval. “I have the right to do tariffs.”

His remarks also targeted Justices Neil Gorsuch and Amy Coney Barrett — both Trump nominees — who joined the majority in the 6–3 ruling.

“I think their decision was terrible,” Trump said. “It’s an embarrassment to their families.”

Section 122 Tariffs Come With Time Limits

New Global Tariff Faces 150-Day Clock

Trump said he will sign the order later Friday invoking Trade Act of 1974 Section 122, which allows temporary import restrictions in response to balance-of-payments concerns.

Tariffs imposed under Section 122 are limited to 150 days, after which congressional approval is required for any extension. Asked about that constraint, Trump responded: “We have the right to do pretty much what we want to do.”

Other Tariffs Remain in Place

Sections 232 and 301 Stay Active

Trump emphasized that all tariffs currently in effect under Section 232 (national security) and Section 301 (unfair trade practices) will remain “in full force and effect.”

The administration is also pursuing new Section 301 investigations that could lead to additional tariffs, Trump said.

Administration Vows Revenue Stability

Treasury Signals Tariff Income Will Hold

Treasury Secretary Scott Bessent, speaking at the Economic Club of Dallas, said the administration will replace the invalidated IEEPA tariffs by relying on other existing trade laws.

Doing so, Bessent said, “will result in virtually unchanged tariff revenue in 2026.”

“No one should expect that the tariff revenue will go down,” he added.

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Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.