Following the U.S. Supreme Court's ruling on February 20, 2026, which struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), President Donald Trump swiftly imposed a new 15% tariff on imports from all countries under Section 122 of the Trade Act of 1974. This decision, announced on February 23, reflects a strategic recalibration of trade policy rather than a retreat from protectionism. Trump emphasized that the court's ruling still leaves room for other tariffs, stating, "The court has also approved all other tariffs, of which there are many, and they can all be used in a much more powerful and obnoxious way, with legal certainty." This new tariff strategy has reintroduced uncertainty into the market, which had briefly welcomed the halt of IEEPA duties.
BUSINESS
Trump Imposes 15% Tariff Following Supreme Court Ruling
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After the Supreme Court struck down IEEPA tariffs, Trump imposed a new 15% tariff on imports, signaling a shift in trade policy and raising concerns of escalating tensions with global partners.
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