economy
February 22, 2026
Trump raises tariffs from 10% to 15% worldwide
On Friday, Trump signed an executive order imposing 10% tariffs on imports from all countries
TL;DR
- President Trump announced an immediate increase in worldwide tariffs from 10% to 15%.
- New tariffs will be determined and issued by the Trump Administration in the next few months.
- A Supreme Court ruling stated the president exceeded his authority in imposing tariffs under the International Emergency Economic Powers Act.
- The Supreme Court did not clarify whether previously paid tariffs should be refunded.
- The White House stated tariffs imposed under the emergency law are being terminated following the Supreme Court ruling.
- Previously, tariffs were imposed on products from 185 countries and territories on April 2, 2025.
- A Court of Appeals ruling on August 29 limited the president's authority to impose many announced tariffs.
- The US administration appealed to the Supreme Court to overturn the Court of Appeals ruling on September 4.
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