economy

February 21, 2026

Trump to hike global tariffs to 15% from 10%, 'effective immediately'

Trump also warned: "During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs."

Trump to hike global tariffs to 15% from 10%, 'effective immediately'

TL;DR

  • President Trump announced a 15% global tariff increase, effective immediately, up from 10%.
  • This announcement followed a Supreme Court ruling against Trump's trade policies, which he called 'ridiculous' and 'anti-American'.
  • The Supreme Court ruled 6-3 that Trump wrongfully used the International Emergency Economic Powers Act for his tariffs.
  • Democrats welcomed the ruling, calling the tariffs 'chaotic and illegal'.
  • Republicans expressed divided opinions on the Supreme Court's decision.
  • The Supreme Court decision could potentially lead to over $175 billion in refunds to importers.

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