Donald Trump has announced a 10 per cent global tariff on “all countries” to replace ones struck down by the Supreme Court, calling the ruling “terrible” and branding the justices who rejected his trade policy as “fools”.
The US president’s “reciprocal tariffs”, imposed on most of the rest of the world last April under an emergency powers law, were overturned by the US Supreme Court on Friday in a major blow to the president’s economic agenda.
But he doubled down on imposing levies following the decision, claiming the court “has been swayed by foreign interests” and other countries were “dancing in the streets, but they won’t be dancing for long, that I can assure you”.
The UK scrambled to respond in the wake of the announcement, with ministers saying they expect the country’s “privileged trading position with the US” to continue following the Supreme Court’s ruling.
The UK received the lowest tariff rate of 10 per cent, and a subsequent deal struck by Sir Keir Starmer and Mr Trump saw..