Sat, 21 Feb 2026

Sat, 21 Feb 2026 Trump brings in new 10% tariff as Supreme Court rejects his global import taxes

The Supreme Court decision striking down some of Trump's most sweeping tariffs injects new uncertainty into global trade.
US President Donald Trump has reimposed a 10% global tariff on imports after the Supreme Court struck down his previous tariffs last year, calling the court's decision "terrible" and criticizing the justices who voted against him as "fools". The new tariff is set to take effect on February 24th and will apply to almost all countries except Canada and Mexico, which are exempt due to a North American free trade pact. Trump announced that he would use an alternative law, Section 122, to impose the tariffs, which were previously imposed under the International Emergency Economic Powers Act (IEEPA). The decision was met with relief by businesses in the US who had been affected by the previous tariffs, but experts warn that the process of obtaining refunds may be complex and time-consuming. Trump also announced that he would use other tools to impose tariffs, including Section 232 and Section 301, which allow for import taxes to address national security risks and unfair trade practices. The Supreme Court decision was a major victory for businesses and states that had challenged the duties, opening the door to potentially billions of dollars in tariff refunds. However, Trump's new tariff plan has been met with uncertainty and concerns about its impact on global trade.
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