STORY: U.S. President Donald Trump on Friday (February 20) responded with fury to Supreme Court ruling that he lacked the power to unilaterally set tariffs on imports, denouncing individual justices as he vowed to continue a global trade war that has kept the world on edge for a year.

Saying he was undeterred by what he repeatedly called a ridiculous ruling, Trump announced an immediate new 10% tariff on imports from all countries, on top of any existing tariffs, and then issued a proclamation putting them into effect. The law allows him to impose a levy of up to 15% for 150 days, although it could face legal challenges.

The court's landmark 6-3 ruling upended the leverage Trump and his trade envoys have wielded over foreign governments at negotiating tables to reshape diplomatic relations and global markets.

The ruling briefly sent U.S. stock indexes surging, before ending modestly higher as analysts warned of renewed confusion in global markets while they await Trump's next moves.

Hours after the ruling, Trump signed an executive order repealing the tariffs that the court struck down, and he also issued a proclamation imposing a 10% duty on most goods imported into the U.S. for 150 days, granting exemptions for certain items including critical minerals, metals and energy products, the White House said.

The orders continued exemptions already in place for aerospace products; passenger cars and some light trucks; goods from Mexico and Canada that are compliant with the U.S.-Mexico-Canada trade agreement; pharmaceuticals and certain critical minerals and agricultural products.

DESCRIPCIÓN DE IMÁGENES

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1. U.S. SUPREME COURT GROUP PHOTO, SEATED (LEFT TO RIGHT): JUSTICES SONIA SOTOMAYOR AND CLARENCE THOMAS, CHIEF JUSTICE JOHN G. ROBERTS JR., JUSTICES SAMUEL A. ALITO JR. AND ELENA KAGAN. STANDING (LEFT TO RIGHT): JUSTICES AMY CONEY BARRETT, NEIL M. GORSUCH, BRETT M. KAVANAUGH AND KETANJI BROWN JACKSON.

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2. VARIOUS OF COURT DOCUMENTS SHOWING SUPREME COURT'S RULING ON U.S. PRESIDENT DONALD TRUMP'S TARIFFS

U.S. President Donald Trump responded by saying the U.S. Supreme Court's ruling that struck down his sweeping tariffs was "deeply disappointing" and that he was "absolutely ashamed" by the justices who ruled against him in the 6-3 decision. (7247-USA-TRUMP/TARIFFS-PRESIDENT)

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3. U.S. PRESIDENT DONALD TRUMP WALKING TO PODIUM

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4 . (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

“Well, thank you very much for being here. The Supreme Court's ruling on tariffs is deeply disappointing. And I'm ashamed of certain members of the court absolutely ashamed for not having the courage to do what's right for our country. I'd like to thank and congratulate Justices (Clarence) Thomas, (Samuel) Alito, and (Brett) Kavanaugh for their strength and wisdom and love of our country."

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5. TRUMP SPEAKING AT PODIUM

Trump said he would sign an order to impose a 10% global tariff under Section 122 of the 1974 Trade Act and would initiate several other investigations as well. (7246-USA-TRUMP/TARIFFS-BRIEFING-UPDATE)

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6. (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

“Therefore effective immediately all national security tariffs under Section 232 and existing Section 301 tariffs, they're existing, they're there, remain in place, fully in place and in full force and effect. Today I will sign an order to impose a 10% global tariff under section 122, over and above our normal tariffs already being charged. And we're also initiating several Section 301 and other investigations to protect our country from unfair trading practices of other countries and companies.”

7. WHITE FLASH

Trump told a briefing that it was not clear if or when there would be any refunds after the U.S. Supreme court struck down his sweeping tariffs, adding that the matter could take years to litigate. (7262-USA-TRUMP/TARIFFS-BRIEFING-LATEST)

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8 . (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

"(REPORTER ASKING OFF-CAMERA: ARE YOU SAYING THAT YOU DON'T PLAN TO HONOR REFUNDS FOR COMPANIES THAT FILED FOR THEM?) TRUMP RESPONDING: I just told you the answer, right? I told you the answer. It's not discussed. We'll end up being in court for the next five years."

9. WHITE FLASH

10. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING:

"We're going straight ahead with ten percent straight across the board which we have the absolute right to do. And that's taking place. That's a lot of money coming in to our country. And then during that period, of about five months, we are doing the various investigations necessary to put fair tariffs or tariffs period."

11. WHITE FLASH

Trump also said on Friday that his administration would move forward with its trade deal with India, adding that agreements previously negotiated under the International Emergency Economic Powers Act would proceed in some cases and be replaced in others. (7284-USA-TRUMP/TARIFFS-TRADE DEALS)

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12. U.S. PRESIDENT DONALD TRUMP ARRIVING AT NEWS CONFERENCE

13. (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

“The India deal is on. All the deals are on, we're just going to do it a different way.”

14. WHITE FLASH

15. (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

JOURNALIST (OFF-CAMERA): “On the trade deals that were negotiated using IEEPA (International Emergency Economic Powers Act) tariffs. Do those stand now or they have to be redone?”

TRUMP: “Well, some of them stand, many of them stand, some of them won't, and they'll be replaced with the other tariffs.”

16. WHITE FLASH

17. TRUMP EXITING BRIEFING

Senate Democratic Leader Chuck Schumer called Trump's tariffs "a burden on American families" after Trump vowed to press ahead with new import duties despite a Supreme Court ruling that undercut a key legal basis for his earlier, sweeping tariff moves. (7263-USA-TRUMP/TARIFFS-SCHUMER)

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18. U.S. SENATOR, AND SENATE DEMOCRATIC LEADER, CHUCK SCHUMER, WALKING TO LECTERN

19. WHITE FLASH

20. (SOUNDBITE) (English) U.S. SENATOR, AND SENATE DEMOCRATIC LEADER, CHUCK SCHUMER, SAYING:

“For Donald Trump's speech to mention tariffs and not mention the costs they impose on American families shows that he is totally in a bubble. He has no understanding of what the average American family goes through.”

U.S. stocks ended higher on Friday, led by gains in Alphabet, Amazon and other Wall Street heavyweights after the Supreme Court struck down President Donald Trump's global tariffs. (7283-USA-STOCKS/CLOSE)

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21. NYSE CLOSING BELL

22. DOW JONES CLOSING BOARD

German analyst Carsten Brzeski, ING Chief economist told Reuters that the U.S. Supreme Court ruling against Trump's global tariffs did not necessarily mean any changes regarding the U.S.-EU deal. The deal which was closed last summer was not subject to the Supreme Court ruling, Brzeski said. (7234-US-TRUMP/TARIFFS-GERMANY ANALYST)

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23. (SOUNDBITE) (English) ING CHIEF ECONOMIST, CARSTEN BRZESKI, SAYING:

"At first glance, the Supreme Court's ruling actually brings some relief, and we see this in stock markets. But I think in the longer term, it still means new uncertainty, because the White House has already answered that there are alternatives, and President Trump can find other trade sanctions, other tariffs, to impose those on his trading partners. So uncertainty will be back, because I don't think that President Trump will back down from his tariff agenda."

24. WHITE FLASH

25. (SOUNDBITE) (English) ING CHIEF ECONOMIST, CARSTEN BRZESKI, SAYING:

"When we look at Europe currently, the US-EU deal that was made last summer was not subject to the Supreme Court ruling. So this is a bilateral agreement and it now still depends on the Europeans whether or not they want to go on with this trade deal or whether European Parliament which had put the deal on ice with the Greenland conflict is now actually willing to open it up again. Or to simply sign it and agree to 15 percent tariffs."

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26. VARIOUS OF SUPREME COURT EXTERIORS

27. PEOPLE ON STEPS OF SUPREME COURT

28. EXTERIOR OF SUPREME COURT