Trump orders 10% tariff after top court nixes his key trade policy

WASHINGTON - U.S. President Donald Trump signed an order Friday imposing a new 10 percent "global tariff" after the Supreme Court struck down his duties targeting nearly all of America's trading partners, delivering a major blow to his signature economic policy and likely complicating Washington's relations with the rest of the world.

Upholding lower court findings, the highest court ruled that Trump overstepped his presidential powers when he used a 1970s-era emergency law last year to impose the so-called reciprocal tariffs, as well as fentanyl-related levies he applied to goods from China, Canada and Mexico.