In light of the U.S. Supreme Court's ruling on February 20, 2026, which invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA), President Donald Trump has enacted a new 15% tariff on imports from all countries under Section 122 of the Trade Act of 1974. This decision, announced on February 23, signals a strategic shift in trade policy rather than a retreat from protectionism. Trump asserted that the ruling 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 has reintroduced uncertainty into the market, which had briefly welcomed the halt of IEEPA duties.
BUSINESS
Trump Enacts 15% Tariff On Imports Following Supreme Court Ruling
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Following a Supreme Court ruling, Trump imposes a new 15% tariff on imports, signaling a shift in trade policy. This move raises market uncertainty and draws criticism from international partners.
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