economy
February 22, 2026
Trump raises global tariff to 15%
US President Donald Trump has raised a new global tariff to 15% after the Supreme Court invalidated his earlier measures
TL;DR
- The US Supreme Court invalidated most of President Trump's earlier tariffs.
- Trump announced an increase in a new global import tariff to 15%.
- The court ruled that the 1977 International Emergency Economic Powers Act does not give Trump authority for these tariffs.
- Trump is using the Trade Act of 1974 for the new tariffs, which allows them for 150 days without congressional approval.
- Trump previously imposed tariffs on Canada, Mexico, and other countries, and threatened tariffs against European countries regarding Greenland.
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