Trump now says he will raise 'worldwide' tariff from 10% to 15%
Business Insider·2026-02-21 17:02

Core Viewpoint - President Trump is escalating his tariff strategy by raising the global tariff from 10% to 15% despite a Supreme Court ruling that limited his authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA) [1][2][6] Group 1: Tariff Strategy - The new 15% worldwide tariff will be imposed on countries that have been perceived as taking advantage of the U.S. economically [1] - Following the Supreme Court's decision, Trump plans to utilize a different legal authority, Section 122, to impose a 10% global tariff temporarily [2][5] - The IEEPA-justified tariffs have been a significant tool for Trump in renegotiating trade agreements globally, including the "Liberation Day" tariffs [7] Group 2: Legal Authority and Implementation - Section 122 allows for a temporary tariff imposition for 150 days, after which Congress must vote to extend it [5] - A White House official confirmed that countries previously subject to IEEPA tariffs will now face the 10% tariff under Section 122, while the administration seeks other legal avenues for more permanent tariff rates [6] - The administration is expected to determine and announce new legally permissible tariffs in the coming months as part of its broader trade strategy [8]

Trump now says he will raise 'worldwide' tariff from 10% to 15% - Reportify