economy
February 21, 2026
US President Donald Trump has announced a new 10% global tariff
US President Donald Trump has announced a new 10% global tariff after the Supreme Court dealt a blow to his trade policies
TL;DR
- The Supreme Court struck down most of President Trump's earlier global tariffs.
- The ruling stated the International Emergency Economic Powers Act does not authorize these tariffs.
- Trump announced he will sign an executive order to impose new 10% global tariffs using the Trade Act of 1974.
- Trump criticized the court's decision and called the judges "very unpatriotic and disloyal".
- Previously, Trump imposed tariffs on goods from Canada and Mexico and threatened tariffs against European countries.
- The EU warned that Trump's tariffs would damage the global economy and hurt US consumers.
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