U.S. President Donald Trump has signed an executive order imposing a temporary 10% global tariff after the Supreme Court declared his earlier trade policy invalid. The order, signed late Friday local time, will apply to all countries for the next 150 days under Section 122 of the 1974 U.S. Trade Act. Trump also directed his administration to explore whether previous tariff systems could be reinstated under other legal provisions.

In a post on his social media platform Truth Social, Trump said the United States has several strong alternatives that could generate more revenue and strengthen the country. The move follows his earlier tariff policy announced on April 2, 2025, under the International Emergency Economic Powers Act (IEEPA), which introduced a 10% baseline tariff and reciprocal tariffs on trade partners.

According to the report, the United States earned an additional 13.35 trillion dollars in the past year from tariffs under Trump’s previous policy.