Editor’s Note: On Feb. 21 Trump increased the global tariff to 15%, according to a post made on his Truth Social account.
President Donald Trump’s response to the Feb. 20 decision by the Supreme Court to overturn his sweeping tariff program was to impose a temporary 10% global tariff on most imports under Section 122 of the Trade Act of 1974. This is a provision that allows tariffs of up to 15% for 150 days unless Congress extends them.
