Trump to hike global tariffs to 15% from 10%, 'effective immediately'
CNBC·2026-02-21 16:44

Core Viewpoint - President Trump announced an increase in global tariffs from 10% to 15% effective immediately, following a Supreme Court ruling that struck down his previous "reciprocal" tariffs [1][2][3]. Group 1: Tariff Increase Details - The new tariffs will apply to various countries that Trump claims have been "ripping" off the U.S. for decades [2]. - Trump indicated that additional tariffs may be implemented in the coming months, as the administration will determine and issue new legally permissible tariffs [3]. Group 2: Supreme Court Ruling Context - The Supreme Court ruled 6-3 that Trump wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to impose his tariffs [3][4]. - The ruling requires that any extension of temporary levies, such as the 10% tariff initially imposed, must receive congressional approval [4]. Group 3: Presidential Response - Trump criticized the Supreme Court's decision, labeling it as "ridiculous, poorly written, and extraordinarily anti-American," and specifically targeted Justices Gorsuch and Barrett for their votes [4].

Trump to hike global tariffs to 15% from 10%, 'effective immediately' - Reportify