In a significant move, U.S. President Donald Trump signed a new presidential order late Friday night Norwegian time, which imposes an additional 10 percent tariff on all nations. This decision was reported by Reuters and comes as part of an ongoing strategy implemented by the Trump administration regarding international trade and tariffs. The order signifies a shift in the U.S.'s approach to tariff imposition, aiming to raise revenue and protect domestic industries while also escalating tensions with trading partners.

The context for this announcement stems from a ruling by the U.S. Supreme Court earlier on Friday, which determined that the penalty tariffs previously applied under emergency legislation were deemed illegal. This ruling challenged Trump's strategy of using emergency powers to impose tariffs, prompting the need for a new legal framework to justify additional tariff measures. Trump's response was swift, reflecting a determination to pursue his agenda despite judicial pushback.

The implications of this tariff increase are significant for global trade, as it could provoke retaliatory measures from affected countries and further complicate international trade relations. Additionally, this move could impact domestic consumers with increased prices on imported goods, further igniting debates on the effectiveness and consequences of Trump's trade policies.