In a significant escalation of global trade tensions, President Donald Trump has announced a new 15% tariff on all imports, effective February 24, 2026, just one day after the U.S. Supreme Court ruled that many of his previous tariffs were illegal under the International Emergency Economic Powers Act (IEEPA). This ruling has raised concerns among U.S. allies, particularly the UK, which is expected to be among the worst hit by the new tariffs, according to analysis from the think tank Global Trade Alert. The announcement has led to a rise in gold prices and a decline in the dollar, reflecting heightened market uncertainty (Financial Times). Amidst this turmoil, a recent NPR poll indicates that most Americans perceive the state of the union as weak, further complicating the political landscape for the Trump administration as it navigates these trade policies.