Trump says he will raise global tariffs to 15% after Supreme Court decision

February 22, 2026

TL;DR

President Trump is raising global tariffs to 15% from 10%.
The Supreme Court struck down previous sweeping global tariffs imposed by Trump.
The new tariffs are enacted under Section 122 of the Trade Act of 1974, allowing a 15% levy for 150 days.
This move bypasses Congress and is intended to address balance-of-payment issues.
An estimate suggests the new tariffs could cost the average American household $1,315 per year if extended beyond 150 days.
Trump criticized the Supreme Court justices who ruled against him and praised those who dissented.

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