Trump says he will increase global tariffs to 15% from 10% - News Summed Up

Trump says he will increase global tariffs to 15% from 10%


PHOTO: NYTIMES[WASHINGTON, DC] US President Donald Trump said he will increase the global 10 per cent tariff he announced on Friday (Feb 20) to 15 per cent, in reaction to the US Supreme Court’s ruling that his mechanism for applying tariffs was illegal. ), to the fully allowed, and legally tested, 15 per cent level,” Trump said in a social media post on Saturday. Hours after the Supreme Court ruling on Friday, Trump imposed a 10 per cent global tariff on foreign goods, moving to preserve his trade agenda. He is applying the new baseline tariff under Section 122 of the 1974 Trade Act, which allows the president to impose tariffs for 150 days without congressional approval. The Supreme Court ruled 6-3 on Friday that Trump had acted unlawfully in using a longstanding federal emergency powers statute to justify his “reciprocal” tariffs.


Source: International New York Times February 22, 2026 00:51 UTC



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