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Trump Announces 10% Global Tariff After Supreme Court Blocks Emergency Duties

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  • US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, on February 20, 2026. US President Donald Trump will hold a press conference Friday to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. (Photo by Mandel NGAN / AFP via Getty Images)
    US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, on February 20, 2026. US President Donald Trump will hold a press conference Friday to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. (Photo by Mandel NGAN / AFP via Getty Images)
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    US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, on February 20, 2026. US President Donald Trump will hold a press conference Friday to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. (Photo by Mandel NGAN / AFP via Getty Images) Source Full size
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  • This file photo, released by Reuters, shows U.S. President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington, on April 2, 2025. (Yonhap)
    This file photo, released by Reuters, shows U.S. President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington, on April 2, 2025. (Yonhap)
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    This file photo, released by Reuters, shows U.S. President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington, on April 2, 2025. (Yonhap) Source Full size
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  • Jenelle Peterson, co-founder of Wild Life Outdoor Adventures, at a toy convention in New York City this month
    Jenelle Peterson, co-founder of Wild Life Outdoor Adventures, at a toy convention in New York City this month
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  • U.S. President Donald Trump attends an event to announce a rollback of the 2009 Endangerment Finding in the Roosevelt Room at the White House on February 12, 2026 in Washington, DC.
    U.S. President Donald Trump attends an event to announce a rollback of the 2009 Endangerment Finding in the Roosevelt Room at the White House on February 12, 2026 in Washington, DC.
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  • US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, on February 20, 2026. US President Donald Trump will hold a press conference Friday to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. (Photo by Mandel NGAN / AFP via Getty Images)
    US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, on February 20, 2026. US President Donald Trump will hold a press conference Friday to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. (Photo by Mandel NGAN / AFP via Getty Images)
    Image: Newsweek
    US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, on February 20, 2026. US President Donald Trump will hold a press conference Friday to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. (Photo by Mandel NGAN / AFP via Getty Images) Source Full size
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  • This file photo, released by Reuters, shows U.S. President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington, on April 2, 2025. (Yonhap)
    This file photo, released by Reuters, shows U.S. President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington, on April 2, 2025. (Yonhap)
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    This file photo, released by Reuters, shows U.S. President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington, on April 2, 2025. (Yonhap) Source Full size
  • U.S. President Donald Trump speaks to the press at the White House in Washington on Feb. 20, 2026, in this photo released by EPA. (Pool photo) (Yonhap)
    U.S. President Donald Trump speaks to the press at the White House in Washington on Feb. 20, 2026, in this photo released by EPA. (Pool photo) (Yonhap)
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    U.S. President Donald Trump speaks to the press at the White House in Washington on Feb. 20, 2026, in this photo released by EPA. (Pool photo) (Yonhap) Source Full size
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  • U.S. President Donald Trump speaks during a press conference at the White House in Washington on Feb. 20, 2026, in this photo released by Reuters. (Yonhap)
    U.S. President Donald Trump speaks during a press conference at the White House in Washington on Feb. 20, 2026, in this photo released by Reuters. (Yonhap)
    Image: Yonhap
    U.S. President Donald Trump speaks during a press conference at the White House in Washington on Feb. 20, 2026, in this photo released by Reuters. (Yonhap) Source Full size

Supreme Court’s 6‑3 decision ends IEEPA tariff authority The high court ruled on Feb 20 2026 that the International Emergency Economic Powers Act does not grant the president power to impose tariffs, holding that only Congress may levy taxes [9][5]. Chief Justice John Roberts wrote that the Framers “did not vest any part of the taxing power in the Executive Branch” [9]. Conservative justices Alito, Thomas and Kavanaugh dissented, warning that the ruling creates a “refund mess” for billions already collected [5][16].

Trump pivots to a 10% worldwide levy under Section 122 Hours after the ruling, the president announced an executive order imposing a flat 10 % tariff on all imports, limited to 150 days unless Congress extends it [1][6]. He cited Section 122 of the 1974 Trade Act, which allows tariffs up to 15 % for a short period, and promised to explore “very powerful alternatives” [1][15]. The administration warned that refunds for the $133‑$134 billion already collected could take years to resolve [9][19].

Treasury data show massive revenue and projected economic impact Federal figures indicate the Treasury has amassed more than $133 billion from the now‑invalidated duties [1][10]. The Congressional Budget Office estimates the tariffs would have affected the economy by roughly $3 trillion over the next decade [1][4]. Stock indexes rose modestly after the decision, with the S&P 500 gaining 0.6‑0.7 % and the Dow and Nasdaq also posting gains [10][11][14].

Allied governments react with cautious optimism Brazil’s Vice President Geraldo Alckmin said the ruling “strengthens trade negotiations” and that a uniform 10 % tariff will not hurt Brazil’s competitiveness [2][8]. Germany announced close contact with Washington to ensure stable trade, while the EU said it was analyzing the decision [8]. Argentina’s Vice President Victoria Villarruel condemned the ruling as a blow to production policies [3]; South Korea reduced its reciprocal tariff to 15 % after a $350 billion investment pledge [12].

Industry groups welcome the court’s win but warn of lingering pressures The American Iron and Steel Institute noted that steel tariffs imposed under national‑security authority remain untouched [4]. The National Retail Federation and the U.S. Chamber of Commerce called the decision a “major victory” and urged swift refunds for affected firms [14][5]. Republicans such as Sen. Mitch McConnell praised the affirmation of congressional authority, while Democrats highlighted consumer benefits; however, the refund process for the $130‑$175 billion in duties remains legally uncertain [5][13][16].

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Timeline

Dec 1, 2025 – Costco files a Manhattan suit in the U.S. Court of International Trade seeking refunds if the Supreme Court strikes down the IEEPA‑based tariffs, joining dozens of firms that argue the duties were unlawful and jeopardize their supply chains[25].

Dec 3, 2025 – President Trump urges the Court to uphold the tariffs, calling the case “LIFE OR DEATH” for the nation and predicting a 5‑4 or 6‑3 win, while Commerce Secretary Howard Lutnick forecasts a favorable ruling[24].

Dec 4, 2025 – Treasury Secretary Scott Bessent outlines a backup plan to preserve the tariff regime using Sections 301, 232 and 122 of trade law if the Court invalidates the IEEPA authority, stressing that tariffs are a trade‑rebalancing tool, not a revenue source[23].

Dec 9, 2025 – The Supreme Court hears oral arguments on the IEEPA tariff case, with several justices questioning the president’s taxing power and noting the national‑security framing of the duties; lower courts had already rejected the emergency‑powers claim[22].

Dec 9, 2025 – Trump warns on Truth Social that a ruling against his tariffs would be “the biggest threat in history” to U.S. national security, labeling opponents “dark and sinister forces” and insisting the duties are essential for economic strength[30].

Jan 2, 2026 – The Court deliberates the legality of the IEEPA tariffs; Trump posts that the tariffs are an “overwhelming benefit” and that losing the authority would be a “terrible blow” to the United States[29].

Jan 8, 2026 – Experts warn that a decision striking down the country‑specific tariffs could drop Korea’s 15 % rate to zero and force refunds of roughly $150 billion, jeopardizing the joint trade‑investment pact that ties the tariff cut to a $350 billion Korean investment commitment[28].

Jan 9, 2026 – The Supreme Court postpones its ruling, leaving the 15 % reciprocal tariff on Korean goods in place and maintaining uncertainty for businesses awaiting a decision[27].

Jan 14, 2026 – The Court again delays a decision on the tariffs, citing a public‑session plan that was not executed; the 15 % Korea rate remains while the administration prepares for possible refund litigation[26].

Jan 15, 2026 – South Korea’s Trade Minister Yeo Han‑koo says Seoul will monitor other partners and craft an “optimal” response after the U.S. ruling, noting the new AI‑chip proclamation that imposes a 25 % tariff on certain re‑exported chips[19].

Jan 16, 2026 – The White House outlines contingency measures, including invoking Section 301 and a 150‑day window, should the Court invalidate the IEEPA tariffs, with NEC director Kevin Hassett emphasizing rapid replication of existing deals[18].

Jan 17, 2026 – USTR’s Jamieson Greer signals possible adjustments to the 50 % steel and aluminum duties to ease compliance, while noting the Supreme Court’s pending decision on the IEEPA tariffs could reshape the administration’s metal‑tariff strategy[16].

Jan 20, 2026 – The Supreme Court releases no opinion on the tariffs, leaving the 15 % Korea rate intact and underscoring the ongoing legal limbo that fuels global trade uncertainty[17].

Feb 18, 2026 – NEC director Kevin Hassett denounces a New York Fed tariff study as “the worst paper” ever, arguing the tariffs lowered prices, cut inflation and raised real wages by $1,400 on average, despite the study’s finding that 90 % of the burden fell on U.S. firms and shoppers[5].

Feb 20, 2026 – In a 6‑3 decision, the Supreme Court holds that the 1977 International Emergency Economic Powers Act does not give the president authority to impose sweeping global tariffs, overturning most duties and reducing the reciprocal component of average tariffs from ~15 % to just above 6 %[15][9].

Feb 20, 2026 – Trump denounces the justices as “disgraceful” and “ashamed,” then announces a new 10 % worldwide tariff under the rarely used Section 122, limited to 150 days unless Congress extends it[13][12].

Feb 20, 2026 – Business groups (NRF, US Chamber, etc.) hail the ruling as a “major victory,” call for swift refunds of the $133‑$134 billion already collected, and note that the S&P 500 rose about 0.7 % on the news[4][9].

Feb 20, 2026 – White House trade adviser Jamieson Greer says the administration still has “a lot of different options” for tariff policy, though alternatives will require detailed agency reports and have limited scope[1].

Feb 20, 2026 – Treasury Secretary Scott Bessent tells the Economic Club of Dallas that total tariff revenue will stay “virtually unchanged” in 2026 despite the Court’s decision, as the administration pivots to other statutory authorities[6][7].

Feb 20, 2026 – Brazil’s Vice President Geraldo Alckmin says the ruling “strengthens” U.S.–Brazil trade talks and that a uniform 10 % tariff will not erode Brazil’s competitiveness[6].

Feb 20, 2026 – The administration postpones planned tariffs on furniture and food, putting household “tariff‑dividend” rebate checks at risk and highlighting the uncertainty around future levy proposals[2].

Feb 20, 2026 – U.S.‑Mexico‑Canada Agreement (USMCA) renegotiations are slated for the summer of 2026, now taking place against a backdrop of heightened trade‑policy uncertainty following the Court’s decision[1].

Feb 21, 2026 – Trump signs an executive order imposing the 10 % global tariff, citing “very powerful alternatives” and emphasizing the 150‑day limit, while warning that the new duty will apply to all trade partners[6][7].

Feb 21, 2026 – Small‑business owners such as Canadian toy importer Jenelle Peterson describe the ruling as a “relief” that could revive imports, yet they caution that the refund process remains “messy” and could take years[4][3].

Feb 21, 2026 – Analysts note that the Court’s decision may embolden U.S. allies to adopt tougher stances in trade negotiations, and that the timing creates an awkward backdrop for Trump’s upcoming State of the Union address[1].

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