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Trump announces new 10% global tariff after raging over Supreme Court loss

By CNBC February 20, 2026 Bearish
Trump announces new 10% global tariff after raging over Supreme Court loss
President Donald Trump said he will sign an executive order imposing a new 10% “global tariff” under Section 122 of the Trade Act of 1974. Trump was defiant following a major Supreme Court defeat, saying he will find other ways to impose global tariffs that were struck down.
President Donald Trump said he will sign an executive order imposing a new 10% “global tariff” under Section 122 of the Trade Act of 1974. Trump was defiant following a major Supreme Court defeat, saying he will find other ways to impose global tariffs that were struck down.