In a significant escalation of his trade policy, President Donald Trump announced a new 15% global tariff on nearly all imports on February 21, 2026. This move came as a defiant response to a major U.S. Supreme Court ruling just one day prior that struck down his previous "Liberation Day" tariff regime.
The New 15% Global Tariff
Rate & Scope: Trump initially announced a 10% global tariff on Friday, February 20, but increased it to 15% on Saturday, February 21. It applies to imports from around the world, though some specific categories like critical minerals, energy products, and pharmaceuticals may have exemptions.
Legal Authority: To bypass the Supreme Court's restrictions, Trump invoked Section 122 of the Trade Act of 1974. This never-before-used provision allows a president to impose temporary "import surcharges" of up to 15% to address serious balance-of-payment deficits.
Duration: These tariffs are temporary and limited to 150 days unless extended by the U.S. Congress.
The Supreme Court Setback
On February 20, 2026, the Supreme Court ruled 6-3 in Learning Resources Inc. v. Trump that the president overstepped his constitutional authority.
The Ruling: The court found that the International Emergency Economic Powers Act (IEEPA), which Trump used to justify his earlier 10%–50% "Liberation Day" tariffs, does not grant the president the power to impose taxes.
Impact: The ruling invalidated billions of dollars in already-collected duties, leading to over a thousand lawsuits from U.S. importers seeking refunds.
Trump's Reaction: Trump called the decision "ridiculous," "poorly written," and "extraordinarily anti-American," specifically criticising Justices Neil Gorsuch and Amy Coney Barrett, whom he had appointed.
Status of Other Tariffs
Not all of Trump's trade measures were affected by the ruling:
Section 232 Tariffs: Duties on steel (50%), aluminium (50%), and auto parts (25%) remain in full effect because they were enacted under separate national security laws not challenged in this case.
Trade Deals: Key agreements like the USMCA (with Canada and Mexico) generally remain exempt from the new global 15% rate, though other countries like the UK and India are facing renewed uncertainty regarding their previously negotiated lower rates.
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