Bitcoin holds after 10% global tariff, Supreme Court ruling

What Trump’s 10% global tariff means after the ruling

Donald Trump said he will impose a 10% global tariff on top of existing duties and argued interest rates should be significantly reduced, as reported by Politico. The announcement followed a supreme court decision that struck down many of his earlier tariffs.

The Court found he lacked authority to enact sweeping tariffs under a law intended for national emergencies, according to Al Jazeera. In response, Trump signaled he would proceed via a new executive order to reconfigure the tariff regime.

Why the Supreme Court decision matters for tariffs

The ruling is a major setback and raises questions about the durability of U.S. trade actions going forward, as reported by the New York Times. Broad, all-country tariffs now face higher legal hurdles, and future measures will likely be tested quickly in court.

Legal commentary underscores the vulnerability of a blanket 10% levy. “The proposed 10% global tariff is likely to be struck down quickly,” said Kenneth Katkin, law professor at Northern Kentucky University, in InvestmentNews.

A broad import tax generally raises consumer prices by lifting the landed cost of goods and inputs. The International Monetary Fund warned that sweeping U.S. tariffs could slow global growth to about 2.8% and worsen inflation.

JPMorgan economists estimated recession risks could rise significantly, up to roughly 60%, if wide tariffs disrupt supply chains and provoke retaliation. The firm also flagged weaker business sentiment as a transmission channel to slower growth.

For households, the Tax Policy Center projected that a 10% global tariff layered with targeted duties would reduce average after-tax incomes by about $1,800 in 2025. The burden would be felt both directly at retail and indirectly via higher business costs.

Tariff-driven price pressures would complicate monetary policy. “The risk of conflict between Trump and the Fed is very high,” said Olivier Blanchard, former IMF chief economist, as reported by MarketWatch. The Federal Reserve’s independence and mandate to restore price stability suggest cuts are not guaranteed if inflation re-accelerates.

At the time of this writing, Apple Inc. traded around $264.50 based on Nasdaq real-time price indications, and Bitcoin was near $67,980 in market data. These snapshots offer context and do not imply any directional view.

Legal pathways and timeline under alternative authorities

What changed after the Supreme Court struck down prior tariffs

The decision narrowed the use of emergency-style powers for trade actions. As a result, any new global tariff move would need a different legal basis, tighter tailoring, and will likely face rapid injunction requests.

Courts are now primed to scrutinize broad import levies for statutory fit and procedural rigor. That increases the probability of partial stays, narrower relief, or remand for agency reconsideration.

How a different authority could enable a 150-day tariff

A different trade authority could, in theory, support a time-limited tariff window, such as 150 days, if tethered to a defined inquiry and specific findings. Such a pathway would still be litigation-prone and procedurally demanding.

Any interim tariff would need clear scope, evidentiary backing, and review milestones to survive early challenges. The clock would matter: agencies would have to finalize findings before courts weigh in or sunset provisions take effect.

FAQ about 10% global tariff

Is the president legally allowed to impose a blanket 10% tariff on all imports after the Supreme Court ruling?

Not on the same emergency-law basis. A blanket levy faces substantial legal barriers and would likely be challenged immediately in federal court.

How would broad tariffs affect inflation, GDP growth, and recession risk in 2025 and beyond?

They likely raise prices and slow growth, according to the IMF; recession risk could rise materially, JPMorgan economists said.