Sat, 21 Feb 2026

Sat, 21 Feb 2026 Trump says he will increase his new global tariffs to 15%

After most of his tariffs were outlawed on Friday, Trump announced new global tariffs of 10% - which he says he has now increased to 15%.

* US President Donald Trump has announced that he will impose global tariffs of 15% on all goods coming into the US, as a replacement for the previous 10% tariff.
* The new tariff rate is a temporary solution under Section 122 of the 1974 Trade Act and will remain in place for around five months before the administration must seek congressional approval.
* The UK and Australia may be affected by the new tariff rate, as they had agreed to a 10% tariff deal with the US.
* Trump has criticized the Supreme Court's decision to strike down his previous import taxes, calling it "ridiculous" and "anti-American".
* The US trade deficit reached a fresh high this week, widening by 2.1% compared to 2024 and hitting roughly $1.2 trillion (£890bn).
* Businesses are facing uncertainty over the new tariff rate, with some expressing concerns that it will weaken global economic growth.
* Countries such as France and Germany have expressed concern about the impact of the tariffs on trade and economic growth.
* The Supreme Court's decision has opened the door for consumers and businesses to seek refunds from the unlawful tariffs.
* Companies and trade groups have vowed to seek refunds, which could provide a boost to the economy.
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