Finance

Trump Orders Temporary 10% Global Tariff to Replace Duties Struck Down by US Supreme Court

MR
Maya Rodriguez
Financial Analyst
Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court
Image source: Investing.com

Trump's New Tariff Order

US President Trump has announced a temporary 10% global tariff to replace duties struck down by the US Supreme Court. The decision comes after the court ruled that Trump's previous tariffs were unconstitutional.

Background

The US Supreme Court's ruling on February 19, 2026, struck down Trump's tariffs on imported goods, citing that the President did not have the authority to impose such duties without congressional approval. The ruling was seen as a major blow to Trump's trade policies.

Trump's Response

In response to the ruling, Trump has ordered a temporary 10% global tariff on imported goods. The tariff is expected to take effect immediately and will remain in place until further notice.

Impact

The new tariff is expected to have a significant impact on global trade, particularly on countries that rely heavily on US imports. The tariff is also expected to increase costs for US consumers, who may see higher prices for imported goods.

Reaction

The reaction to Trump's new tariff order has been mixed. Some have praised the move as a necessary step to protect US industries, while others have criticized it as a protectionist measure that will harm US consumers and the economy as a whole.

Timeline

  • February 19, 2026: US Supreme Court rules that Trump's tariffs are unconstitutional.
  • February 20, 2026: Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court.

Sources

[9] Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court