The United States has introduced a temporary 10 percent global import tariff following a Supreme Court ruling that invalidated many of last year's duties imposed under emergency powers. President Donald Trump announced the measure on his social platform Truth Social, where he also said he intends to raise the rate to 15 percent, although that increase has not yet been formally implemented. In response, the administration invoked Section 122 of the Trade Act of 1974, a separate statutory authority that allows the president to impose temporary tariffs to address balance-of-payments concerns. Measures under this provision may remain in effect for up to 150 days unless extended or replaced through additional action. The temporary tariff preserves pressure on trading partners while complying with the Court's ruling, but its limited duration introduces uncertainty for importers and businesses.

Source: New York Times February 23, 2026 10:27 UTC