• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Saturday, June 13, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home Business & Economy

Trump Defies Supreme Court, Jacks Global Tariffs to 15%

February 22, 2026
in Business & Economy
Reading Time: 5 mins read
0
Trump
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

President Donald Trump announced on Saturday an increase in his proposed global tariffs on imports from 10% to 15%, invoking a rarely used provision of trade law just days after the Supreme Court struck down his previous tariff regime.

The move, which Trump framed as a necessary retaliation against nations he accuses of exploiting the United States, has injected fresh uncertainty into global markets and heightened tensions between the executive branch and the judiciary.

The president’s decision comes on the heels of a contentious Supreme Court ruling that invalidated his use of emergency powers to impose sweeping “reciprocal tariffs” on foreign goods. In a 6-3 decision handed down last week, the court ruled that Trump had overstepped his authority under the 1977 International Emergency Economic Powers Act (IEEPA), which he had invoked to collect at least $130 billion in tariffs since implementing the measures last year.

The ruling, authored by Chief Justice John Roberts, emphasized that such broad economic sanctions required clearer congressional authorization, arguing that the IEEPA was intended for true national emergencies rather than ongoing trade disputes.

Trump, never one to shy away from confrontation, swiftly condemned the court’s decision. In a fiery statement following the verdict, he expressed being “ashamed of certain members of the court” and labeled the opposing justices as “fools.”

The majority bloc included the court’s three liberal justices—Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson—alongside Roberts, a George W. Bush appointee, and two of Trump’s own nominees: Amy Coney Barrett and Neil Gorsuch. Dissenting were Justices Clarence Thomas, Brett Kavanaugh—another Trump appointee—and Samuel Alito, who argued in their opinion that the president’s actions were within the bounds of executive discretion to protect national economic interests.

Undeterred, Trump initially responded to the ruling by announcing a 10% levy on all imported goods, set to take effect on Tuesday, February 24. He justified the tariffs as essential to his administration’s strategy for bolstering domestic manufacturing and addressing national security concerns, particularly in sectors like steel, technology, and agriculture. “Every single thing I said today is guaranteed certainty,” Trump declared on Friday, underscoring his commitment to reshaping U.S. trade relations.

However, by Saturday, the president had pivoted to a more aggressive stance. In a post on his social media platform, Truth Social, Trump declared, “I, as President of the United States of America, will be, effective immediately, raising the 10% worldwide tariff on countries, many of which have been ‘ripping’ the U.S. off for decades without retribution (until I came along!), to the fully allowed and legally tested 15% level.”

He invoked Section 122 of the Trade Act of 1974, an obscure clause that permits the president to impose temporary tariffs for up to 150 days—roughly five months—without immediate congressional approval. This provision, designed as a short-term tool to address balance-of-payments issues, has seen limited use in modern history and could invite new legal scrutiny.

The shift to 15% represents the maximum rate allowable under this section, signaling Trump’s intent to maximize pressure on trading partners such as China, the European Union, and Mexico, which he has repeatedly accused of unfair practices. While the original 10% tariffs were slated for implementation on February 24, administration officials have not clarified whether the elevated rate will adhere to the same timeline, leaving businesses and importers scrambling to adjust.

Economists and market analysts warn that the heightened tariffs could exacerbate inflationary pressures and disrupt supply chains already strained by global events. “This is a recipe for volatility,” said Dr. Elena Ramirez, a trade policy expert at the Brookings Institution. “Tariffs at this level could raise costs for American consumers on everything from electronics to groceries, while retaliatory measures from other countries might hurt U.S. exporters.” Stock futures dipped in after-hours trading following Trump’s announcement, with the Dow Jones Industrial Average projected to open lower on Monday amid fears of renewed trade wars.

The president’s actions also spotlight the limitations of his alternative legal avenues. Unlike the broad IEEPA powers he previously claimed, Section 122 is narrower in scope and time-bound, requiring eventual congressional buy-in to extend beyond the initial period.

With Democrats controlling the House and a slim Republican majority in the Senate, securing approval may prove challenging. Several lawmakers, including moderate Republicans like Senator Susan Collins of Maine, have voiced concerns over the tariffs’ impact on inflation and the cost of living. These issues have dominated voter sentiment in recent polls.

Trump’s trade agenda is poised to take center stage in his upcoming State of the Union address, scheduled for next month in Washington. Sources close to the White House indicate that the president plans to directly address both Congress and the Supreme Court, using the platform to rally support for his economic policies. “This is about putting America first,” a senior administration official told reporters on condition of anonymity. “The president won’t let judicial overreach derail that.”

As the nation grapples with these developments, the interplay between executive ambition, judicial oversight, and legislative hurdles underscores the fragility of U.S. trade policy in an increasingly polarized era.

With the 2026 midterms looming, Trump’s tariff gambit could either solidify his base or alienate swing voters weary of economic turbulence. For now, the world watches as the U.S. navigates this latest chapter in its fraught relationship with global commerce.

WHAT YOU SHOULD KNOW

President Trump has rapidly escalated his trade agenda by raising the proposed global import tariff from 10% to the legal maximum of 15% under Section 122 of the 1974 Trade Act, only days after the Supreme Court struck down his earlier use of emergency powers for sweeping tariffs.

This 15% rate, which can last up to 150 days without immediate congressional approval, is his direct response to the judicial setback and underscores his determination to press forward with aggressive protectionism despite growing legal, economic, and political resistance.

Trump is willing to push the boundaries of executive trade authority to the limit in pursuit of his “America First” economic vision.

Tags: President Donald TrumpTariffs
Share198Tweet124Share35
Previous Post

Trump Questions Iran’s Response as US Military Pressure Mounts, Says Envoy Witkoff

Next Post

DMO Launches N800bn Bond Sale Amid Falling Inflation

Related Posts

CBN

FG, CBN Eye eNaira for Public Sector Payments

by Victoria Ogbadu
June 13, 2026
0

The federal government may soon begin disbursing salaries, pensions, and social welfare benefits through the eNaira, Nigeria's central bank digital...

SpaceX

SpaceX Debuts on Nasdaq as Largest IPO Ever

by Victoria Ogbadu
June 12, 2026
0

SpaceX began trading as a public company on the Nasdaq on Friday, completing what stands as the largest initial public...

naira

Naira vs Dollar Exchange Rate—12th June 2026

by Victoria Ogbadu
June 12, 2026
0

The naira maintained a relatively calm posture against the US dollar on Friday, as trading across Nigeria's official and unofficial...

Oil

Global Oil Prices—12th June 2026

by Victoria Ogbadu
June 12, 2026
0

Oil markets tumbled for a second consecutive session on Friday as traders rushed to price out geopolitical risk premium following...

OPEC

OPEC Records Lowest Output in Over Two Decades

by Victoria Ogbadu
June 11, 2026
0

OPEC's May output has plunged to its lowest level since 2000, as the escalating confrontation with Iran rapidly reshapes the...

Load More
Next Post
Bond

DMO Launches N800bn Bond Sale Amid Falling Inflation

Photo of President Bola Tinubu

Tinubu Congratulates APC, PDP Winners in FCT, Kano, Rivers Polls

Inflation

Healthcare Costs Soar 30% as Nigeria’s Inflation Cools

Photo of NDLEA official

NDLEA Foils Drug Smuggling Attempts at Seme Border, Kano Airport, Arrests Suspects

Saga

Saga Says BBNaija Was His Planned Launchpad for Acting

FG Upgrades 38 Technical Colleges to Equip Youths with Global Skills

How Multiple Committees Frustrated Past FG–ASUU Talks – Alausa

PDP Flag

PDP Demands Immediate Release of Pending Kuje Results, Raises Manipulation Concerns

Imisi

BBNaija Winner Imisi Names Her Dogs After Her Three Closest Housemates

Photo of Danjuma Shekwolo

APC’s Danjuma Shekwolo Wins Kuje Chairmanship

Photo of NAFDAC logo and the Director General

NAFDAC Uncovers ₦3bn Warehouse of Banned, Unregistered Cosmetics in Lagos

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

APC Governorship Candidate Joins ADC

March 16, 2026
NNPC Increases Petrol Price

NNPC Reduces Fuel Price

March 17, 2026
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
VeryDarkMan

VeryDarkMan Vows to Uncover Truth in Mercy Chinwo and Ex-Manager’s Controversy

0
CBN

FG, CBN Eye eNaira for Public Sector Payments

June 13, 2026
Top 2027 presidential candidate slumps in Abuja

Top 2027 presidential candidate slumps in Abuja

June 13, 2026
Makinde reveals location of abducted Oyo pupils

Makinde reveals location of abducted Oyo pupils

June 13, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp