The Supreme Court struck down President Donald Trump`s far-reaching global tariffs in a 6-3 decision on Friday, handing him a stinging loss on an issue crucial to his economic agenda.

Furious about the defeat, Trump said he will impose a global 10% tariff as an alternative while pressing his trade policies by other means. The new tariffs would come under a law that restricts them to 150 days.

He made that announcement after lashing out at the Supreme Court for striking down much of his sweeping tariff infrastructure as an illegal use of emergency power. Trump said he was "absolutely ashamed" of justices who voted to strike down his tariffs and called the ruling "deeply disappointing."

"Their decision is incorrect," he said. "But it doesn`t matter because we have very powerful alternatives."

Will businesses get a refund?

Trump said the administration would "end up being in court for the next five years" litigating that question. The majority ruling did not address whether companies could get refunded for the billions they have collectively paid in tariffs. In his dissent,