Washington: U.S. President Donald Trump announced plans to impose an additional 10 percent global tariff, alongside other measures, in response to the Supreme Court's decision to strike down his previous tariffs based on the 1977 International Emergency Economic Powers Act (IEEPA).

According to Yonhap News Agency, Trump emphasized that his administration has stronger measures at its disposal than the IEEPA, which the court invalidated, including tariffs on South Korea and other nations. The President expressed his disappointment with the ruling and indicated that he would utilize Section 122 of the 1974 Trade Act to impose the new tariffs.

Trump explained that the upcoming 10 percent global tariff would be enacted "three days from now," leveraging Section 122, which allows a president to impose import surcharges and other measures to address trade imbalances. These measures can last up to five months while further investigations under Section 301 and other provisions of the 1974 Trade Act are conducted.

He reassured that despite the court's decision, his ability to impose tariffs remains robust, citing various legal provisions available to his administration. Trump argued that foreign countries benefiting from the court's ruling would not celebrate for long, as the U.S. plans to counteract with its remaining legal tools.

The President criticized the court's decision as being influenced by foreign interests and a minor political movement. Previously, Trump justified his IEEPA-based tariffs by linking trade deficits to national security concerns, a rationale the high court rejected, affirming that Congress retains the sole power to impose tariffs during peacetime.

In a recent bilateral agreement, Trump's administration reduced reciprocal tariffs on South Korean products from 25 percent to 15 percent, contingent upon South Korea's commitment to substantial investments in the United States.