President Trump on Friday followed through on his earlier promise to sign an executive order imposing a 10% global tariff on every country importing goods into the United States.

Trump signed the executive order, titled “Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems,” setting up the 10% ad valorem tariffs to take effect on February 24.

“The United States plays a pivotal role in shaping the global economy. At the same time, the United States faces various threats to its own economy and national interests. Sometimes, the United States faces fundamental international payments problems, such as large and serious balance-of-payments deficits, an imminent and significant depreciation of its currency in foreign exchange markets, or an international balance-of-payments disequilibrium,” he writes in the order. “These problems can, among other things, endanger the ability of the United States to finance its spending, erode investor confidence in the economy, and distress the financial markets.”

This comes in response to the Supreme Court invalidating his tariffs under the International Emergency Economic Powers Act (IEEPA).

Trump made the announcement on Truth Social on Friday evening.

“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP,” he said.

Trump also slammed the six Supreme Court Justices who voted to bar his tariff authority.

“We will do everything possible to take in even more money than we were taking in before,” he added.

Those members of the Supreme Court who voted against our very acceptable and proper method of TARIFFS should be ashamed of themselves. Their decision was ridiculous but, now the adjustment process begins, and we will do everything possible to take in even more money than we were taking in before!

Trump’s new tariffs fall under his authority underSection 122 of the Trade Act of 1974, which allows him to impose tariffs of up to 15% for 150 days with few limitations.

Source: The Gateway Pundit