Trumpian Tariff and Mother of all deals

Trump imposes 15% tariff, post SC decision

Economy USA

WHITE HOUSE: Donald Trump on Saturday (21st Feb, 2026) has augmented global duty of imports to 15%, just one day after the Supreme Court (SC), in its 6-3 decision, held that Trump had exceeded the limit of his authority as The International Emergency Economic Powers Act (IEEPA), 91 Stat. 1626, does not authorize the President to impose tariff.

Trump augments tariff to 15%

Taking to the Social Media platform President Donald Trump stated: “Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that 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. During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again – GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter. President DONALD J. TRUMP.”

He later posted: “The recent Decision of the United States Supreme Court concerning TARIFFS could allow for Hundreds of Billions of Dollars to be returned to Countries and Companies that have been “ripping off” the United States of America for many years, and now, according to this Decision, could actually continue to do so, at an even increased level. I am sure that the Supreme Court did not have this in mind! It doesn’t make sense that Countries and Companies that took advantage of us for decades, receiving Billions and Billions of Dollars that they should not have been allowed to receive, would now be entitled to an undeserved “windfall,” the likes of which the World has never seen before, as a result of this highly disappointing, to say the least, ruling. Is a Rehearing or Readjudication of this case possible??? PRESIDENT DONALD J. TRUMP”.

Supreme Court (SC) of USA in its 6-3 decision of 20th Feb, 2026 has held that Trump had exceeded the limit of his authority as The International Emergency Economic Powers Act (IEEPA), 91 Stat. 1626, does not authorize the President to impose tariffs.

Entities, who had challenged the duties, welcomed the SC’s decision, as it would also translate into refund of billions of dollars. President Donald Trump, terming the ruling terrible, called the justices fools. Undaunted by the SC decision, he imposed a new ten percent tariff in lieu to the ones struck down by the judges. His measure has further bewildered the observers.

It may be recalled that immediately after occupying the White House for the second tenure, President Donald Trump had made it clear that tariffs on imported goods was going to be his major economic as well as external policy. Condemning the ruling as terrible and totally defective Trump held: “I’m ashamed of certain members of the court – absolutely ashamed – for not having the courage to do what’s right for our country.”

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