Following a significant ruling from the US Supreme Court, President Donald Trump declared his intention to impose a 10% tariff on all imports to the United States. This announcement came after the Supreme Court determined that Trump had exceeded his statutory authority in establishing tariffs that disrupted global trade, specifically blocking a key tool he has used for his economic agenda. The ruling was made by a conservative majority in a 6-3 decision, indicating a shift in the checks on presidential power regarding economic policies.

Trump expressed his disappointment with the ruling, labeling it as 'very disappointing' during a press conference. He conveyed feelings of shame regarding certain members of the conservative-dominated court who sided against him, indicating his deep frustration with the judiciary's limitations on his executive powers. The ruling is based on the International Emergency Economic Powers Act (IEEPA) of 1977, which the court found does not grant the President the authority to set tariffs unilaterally.

This decision has broader implications for trade relations and economic strategies not just in the US, but globally. If Trump follows through on his tariff promise, it could escalate tensions with trading partners and impact global markets. The Supreme Court's ruling emphasizes a significant legal precedent regarding the limits of presidential power, especially on economic control, which could influence future administrations in how they approach international trade policies.