In a significant escalation of his trade policy, President Donald Trump announced on February 24, 2026, that he would impose a new 10% global tariff on imported goods for 150 days, following a Supreme Court ruling that struck down his broader tariff program. The court's decision, which Trump described as a betrayal by two of his appointees, limited his ability to invoke emergency powers under the International Emergency Economic Powers Act (IEEPA). Despite the ruling, Trump is moving forward with this new tariff strategy, claiming it is necessary to address 'international payments problems.' This approach reflects his tendency to govern through the lens of the 1970s, a time of economic insecurity and industrial rivalry, as noted in a recent editorial by The Guardian.
BUSINESS
Trump Imposes 10% Global Tariff After Supreme Court Ruling
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President Trump imposes a 10% global tariff for 150 days after a Supreme Court ruling limits his powers, causing trade uncertainty and reactions from partners, while exploring alternative legal opt...
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TGtheguardian.com
THthehindu.com
SCMPscmp.com
PPprofit.pakistantoday.com.pk
TNP-Ethenews.com.pk
FTft.com
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NHOnews-herald.com
GWgeo.tv
TFPthefrontierpost.com
TLtribune.com.pk
TDthediplomat.com
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DTdailytimes.com.pk
NYTnytimes.com
THtribune.com.pk
PBPTprofit.pakistantoday.com.pk
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