Trump responds to Supreme Court ruling with new 10% tariff

Updated 12:58 p.m. EST on 2/21/2026 to reflect President Trump's decision to increase global tariffs to 15% from 10% following the Supreme Court ruling under Section 122 of the Trade Act of 1974. The much-anticipated Supreme Court decision on the legality of tariffs was issued on Friday. The high court determined that President Donald Trump overstepped his legal authority when he used the Emergency Powers Act to impose wide-ranging global tariffs, a cornerstone of his economic and policy agenda. Presiden ...