Trump tariffs highlights: Trump raises global tariff to 15% day after Supreme Court ruling

Trump tariffs live updates: Following the US Supreme Court’s ruling on tariffs, Trump said the trade deal with India remains unchanged and stressed that the "India deal is on".

"I think my relationship with India is fantastic and we're doing trade with India. India pulled out of Russia. India was getting its oil from Russia. And they pulled way back at my request, because we want to settle that horrible war where 25,000 people are dying every month," Trump said at a news conference on Friday at the White House, hours after the US Supreme Court decision that struck down his wide-ranging tariffs.

He said his relationship with Prime Minister Narendra Modi "is, I would say, great."

Trump then repeated his claim that he stopped the war between India and Pakistan last summer using tariffs.

Trump tariffs live updates: US vice president JD Vance criticised the Supreme Court’s 6-3 ruling that said the Trump administration went beyond its legal authority by using the International Emergency Economic Powers Act of 1977 to impose wide-ranging import tariffs.

In a post on X, Vance said the court’s decision was "lawlessness from courts" and would make it more difficult for President Trump to protect American industries.

"Today, the Supreme Court decided that Congress, despite giving the president the ability to "regulate imports", didn't actually mean it. This is lawlessness from the Court, plain and simple. And its only effect will be to make it harder for the president to protect American industries and supply chain resiliency," he said.

Trump tariffs live updates: US President Donald Trump rushed on Friday to replace tariffs struck down by the Supreme Court, announcing a temporary 10% global import duty for 150 days and directing fresh investigations under other laws that could let him reintroduce the tariffs.

Trump signed executive orders late on Friday to bring in the new tariffs starting Tuesday under Section 122 of the Trade Act of 1974. These partly replace duties ranging from 10% to 50% imposed under the 1977 International Emergency Economic Powers Act that the top court declared illegal, and they end the collection of the now-banned levies.

Trump tariffs live updates: The US Supreme Court's ruling could place about $175 billion in tariff revenue collected over the past year at risk of possible refunds, Reuters reported citing economists from the Penn-Wharton Budget Model.

When asked if he would return the IEEPA duties, Trump said the issue would likely be fought in court for two to five years, suggesting that any quick or automatic refund process was unlikely.

Speaking in Dallas, Bessent told business leaders that since the Supreme Court did not give any direction on refunds, those were "in dispute," adding: "My sense is that could be dragged out for weeks, months, years."

Trump tariffs live updates: Trump relied on the 1977 International Emergency Economic Powers Act, or IEEPA, to justify a sweeping round of tariffs, even though the law does not mention tariffs at all.

IEEPA allows a president to freeze assets and block financial dealings during a national emergency. It was first used during the Iran hostage crisis and has since been applied in situations of global unrest, from the 9/11 attacks to the Syrian civil war.

“The fact that no President has ever found such power in IEEPA is strong evidence that it does not exist,” Chief Justice John Roberts wrote for the majority.

In their opinion, the justices said the Constitution “very clearly” gives Congress, not the president, the authority to impose taxes, including tariffs.

Trump tariffs live updates: Trump strongly criticised the ruling, calling those who sided with the majority “unpatriotic” and “disloyal,” and a “disgrace to our nation.”

“Foreign countries that have been ripping us off for years are ecstatic. They're so happy. And they're dancing in the streets,” Trump said. “But they won't be dancing for long.”

Trump said he would push ahead with his plans, stating that “there are methods, practices, statutes and authorities” that “are even stronger than the IEEPA tariffs.” Among his pledges on Friday was signing an executive order to bring in a new 10% global tariff to replace the overturned levies.

Trump tariffs live updates: US President Donald Trump said India will continue to pay the 18 per cent tariffs despite the Supreme Court ruling that struck down the reciprocal tariffs.

Trump, who described the court’s decision as "deeply disappointing", said "nothing changes," while replying to a question about how the ruling could affect the India-US trade deal.

"Nothing changes. They'll be paying tariffs, and we will not be paying tariffs. This is a reversal of what used to be. PM Modi is a great gentelman a great man. He was much smarter than the people he was against. In terms of the US, He was ripping us off. So we made a deal with India. A fair deal now. We are not paying tariffs to them, and they are. We did a little flip," Trump told news agency ANI.

Trump tariffs live updates: The US Supreme Court on Friday struck down Donald Trump’s global tariffs while the US president said he would bring in a new global10% tariff under a law limited to 150 days that has never previously been used to impose tariffs.

The ruling said the tariffs Trump introduced using an emergency powers law were unconstitutional, including the “reciprocal” tariffs he placed on almost every other country.