Trump raised the global tariff rate from 10% to 15% after the Supreme Court ruling

LootboxPhobia · 2026-02-21T17:25:43+00:00

President Trump plans to raise global tariff rates to 15%, a decision made after the Supreme Court limited his tariff authority, which could escalate trade tensions. Although the market initially responded positively to the court ruling, experts warn that policy uncertainty may persist and could impact fiscal policy and market liquidity.

LootboxPhobia

2026-02-21 17:25:43

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Investing.com - U.S. President Donald Trump stated on Saturday that he plans to raise the temporary global tariff rate to 15%, higher than the 10% level implemented after the Supreme Court rejected part of his emergency tariff plan. This move came just one day after the market responded positively to the court’s ruling, further escalating trade tensions.

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The Supreme Court, in a 6-3 decision, ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to impose comprehensive tariffs, reinforcing Congress’s role in taxation and trade policy.

Trump posted on Truth Social, saying, “As President of the United States, I will immediately implement a 10% global tariff… raised to a fully authorized and legally tested 15% level.” He also added that many countries have been “exploiting” the U.S. for decades.

Under current trade law, the higher tariffs will take effect immediately and may last up to 150 days, although this could face legal challenges.

Initially, the market welcomed Friday’s ruling, with apparel and retail stocks rising as investors anticipated reduced tariff pressures. Analysts said this decision could temporarily ease inflation concerns and reduce trade uncertainty, potentially supporting risk assets.

However, experts warn that the optimism may be short-lived. Analysts pointed out that the White House is seeking other legal avenues, including Section 122 and Section 301 tariffs, indicating that despite the court setback, policy uncertainty may persist.

Some strategists also highlighted unresolved issues regarding potential tariff refunds, which could total over $175 billion, with broader implications for fiscal policy and market liquidity.

This statement underscores that even after the Supreme Court limited a key legal tool of the government, trade tensions remain a core macro risk for investors. The market is closely watching further policy developments in the coming weeks.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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