President Donald Trump has declared the imposition of a 10% tariff on all imports, a move he announced during a press conference. This decision follows a recent ruling by the U.S. Supreme Court which determined that earlier tariffs set by the President were illegal. Trump's remarks underline his ongoing commitment to using tariffs as a tool for economic policy.

The new tariff will be implemented based on a law from 1974, which is separate from the law previously deemed unconstitutional by the Supreme Court. By invoking this law, Trump aims to strengthen his position on trade and exert pressure on foreign countries to negotiate better terms. This shift signifies the administration's continued focus on protecting American industries against global competition.

The implications of this announcement are significant, as it may trigger responses from various countries affected by the tariff, sparking potential trade disputes. The global market's reaction will be closely monitored, particularly concerning how allies and economic partners will adjust to these new measures. The long-term effects on U.S. consumers and businesses are yet to be seen but could influence prices and availability of imported goods in the coming months.