• President Trump has imposed a new 10% global tariff.
  • This is reportedly on top of existing tariffs.
  • President lashed out at Supreme Court decision.

Just hours after the Supreme Court struck down most of the tariffs applied using the International Emergency Economic Powers Act, President Trump has lashed out with the threat of new and higher tariffs.

In a sprawling social media post, Trump said that existing Section 232 and Section 301 tariffs will remain in place, and be accompanied by a new 10 percent “global tariff” under Section 122. He described it as “over and above” those already being charged, implying an increase in the wake of an embarrassing defeat.

Section 232 tariffs have historically targeted steel and aluminum, two materials automakers depend on heavily. Any new “global tariff” layered on top could push production costs higher almost immediately.

More: Supreme Court Strikes Down Most Of Trump’s Tariffs

The president also said the administration is “initiating several Section 301 and other investigations to protect our country from unfair trading practices.” This implies the trade war is far from over and additional tariffs are possible.

Besides announcing new tariffs, Trump blasted the Supreme Court’s decision as “deeply disappointing.” He also said he was “ashamed of certain members of the court” as they’re “fools and lapdogs.” He went on to claim the court has been “swayed by foreign interest and a political movement that is far smaller than people would think — but obnoxious, ignorant, and loud!”

Trump certainly knows plenty about being loud and obnoxious, and he went on to claim “tariffs have … been used to end five of the eight wars that I settled.”

While Trump seems to believe he can act with impunity, CNBC noted that Section 122 tariffs can only last for 150 days. In order to extend them, Trump would need congressional approval and that’s dicey.

Tariffs have raised billions of dollars, but they’ve barely had any impact on the trade deficit. Citing the Commerce Department, the Associated Press recently noted the figure fell from $904 billion in 2024 to just over $901 billion last year. The publication also pointed out that imports rose nearly 5% despite tariffs.

More: The US Made $200 Billion From Trump’s Tariffs. Guess Who Paid 96%?

Regardless of what happens, it’s going to be a bumpy road ahead for both businesses and the United States. The latter could be on the hook for around $130 billion in illegally collected tariffs, likely ensuring court battles for years to come.