US President Donald Trump will impose a 10% global tariff for 150 days, replacing duties that were previously ruled unlawful by the Supreme Court.⁣ ⁣ Trump said the new measure would be introduced under Section 122 of the Trade Act of 1974 and would apply in addition to existing tariffs.⁣ ⁣ Section 122 allows the president to impose tariffs of up to 15% for up to 150 days on any country in response to what the law describes as “large and serious” balance-of-payments problems. The provision does not require a formal investigation or other procedural steps.⁣ ⁣ The administration also plans to launch a series of investigations under Section 301 of the same law, targeting what it describes as “unfair trade practices” by foreign governments and companies.⁣ ⁣ #Trump #Tariffs #tariffturmoil #ustariffs