Trump announces new 10% global tariff after raging over Supreme Court loss
Source: CNBC
Published Fri, Feb 20 2026 1:41 PM EST Updated 18 Min Ago
President Donald Trump said Friday he will sign an executive order imposing a new 10% global tariff, hours after the Supreme Court struck down his sweeping reciprocal import duties in a major rebuke of his trade agenda.
The new tariffs will come on top of the existing levies that remain intact following the high courts decision, Trump said as he raged at the ruling during a White House press briefing.
He will sign an executive order later Friday imposing the new duties, which are being invoked under Section 122 of the Trade Act of 1974. Tariffs conjured using that statute can only last for 150 days, with any extension requiring congressional approval.
Asked at the press briefing about that time limit, Trump said, We have the right to do pretty much what we want to do. Trump also declared that all of the tariffs currently active under statutes known as Section 232 and Section 301 will remain in full force and effect.
Read more: https://www.cnbc.com/2026/02/20/trump-global-trade-tariff-supreme-court.html
Article updated.
Previous article -
President Donald Trump said Friday he will sign an executive order imposing a new 10% "global tariff," hours after the Supreme Court struck down his sweeping "reciprocal" import duties in a major rebuke of his trade agenda.
The new tariffs will come on top of the existing levies that remain intact following the high court's decision, Trump said as he raged at the ruling during a White House press briefing.
He will sign an executive order later Friday imposing the new duties, which are being invoked under Section 122 of the Trade Act of 1974.
Tariffs conjured using that statute can only last for 150 days, with any extension requiring congressional approval. Asked at the press briefing about that time limit, Trump said, "We have the right to do pretty much what we want to do."
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Original article -
President Donald Trump said Friday he will sign an executive order imposing a new 10% "global tariff," hours after the Supreme Court struck down his sweeping "reciprocal" import duties in a major rebuke of his trade agenda.
This is breaking news. Please refresh for updates.
ck4829
(37,554 posts)UpInArms
(54,588 posts)Impeach him already
moonshinegnomie
(3,957 posts)he also said he starting an investigation of countries for unfair trade practices to reimpose tarrifs but that will take time...
Blues Heron
(8,561 posts)MarcoZandrini
(180 posts)that is all!
Blues Heron
(8,561 posts)Mr. Evil
(3,454 posts)The giant, heaping, steaming pile of shit that he is.
Wednesdays
(22,122 posts)Pretty much sums up the attitude of the entire regime.
Justice matters.
(9,602 posts)too... doesn't mean they've gotten away with it once their hide was raided.
BadgerKid
(4,972 posts)grab 'em by the tariffs.
Miguelito Loveless
(5,598 posts)The Child Rapist has told his bought and paid for minions on the SCOTUS that he will ignore them.
I expect Roberts and Gorsuch to find themselves being investigated for mortgage fraud soon.
So, we are now officially a police state.
flashman13
(2,247 posts)popsdenver
(2,010 posts)the groups responsible for enforcement of ANY Supreme Court ruling is...........
THE DEPT OF JUSTICE, AND THE FBI...........
Truly, the ONLY way to stop him, is up to the House to vote to impeach him, AND the Senate to vote him guilty. Period
Ray Bruns
(6,164 posts)
Bluetus
(2,568 posts)Ostensibly Trump was going to use them to force manufacturing jobs to come back to the USA.
We know what actually happened. Trump used these as extortion to get special deals to enrich himself. How many times did Trump announce huge tariffs on a single country or region, then quietly drop them a week or two later? You can be certain that nearly every such instance corresponded with a donation to the inaugural fund, the ballroom fund, the Trump golden shoes fund, the Trump crypto coin fund, a Trump PAC or whatever. It was all about extortion, that is obvious.
But the question is what good an across-the-board tariff of 10% accomplishes. It doesn't provide any real incentive for anybody to do anything. Nobody is going to relocate a major manufacturing operation for 10%. And if he is applying it equally to all countries, then that limits the extortion leverage.
Bottom line, this looks like simply a face saving ploy. It doesn't matter. Our jobs now is to force Trump to refund all those tariffs to individuals
sakabatou
(46,015 posts)StarryNite
(12,076 posts)moniss
(8,891 posts)But realistically when he says all of his tariffs remain intact it basically is flipping the middle finger to the SC ruling. So now what? Obviously this reaction to an adverse SC ruling is a forewarning of how he will react to any other adverse ruling. An out of control POTUS going around the world freely extorting for his own gain and using the US military to secure oil revenue for his slush fund. Along with an out of control DHS, Intelligence and DOJ to go after any critics and to beat and kill protesters in the street.
Even if states pass laws banning ICE-American Gestapo at the polls what happens when he ignores those laws? Local PD isn't going to get into a shootout with the Feds so now what? He has clearly demonstrated, as have the DOJ flunkies, that non-compliance/slow rolling etc. is their SOP with respect to any rulings they don't like. Hundreds of times of clearly violating court orders to not deport a specific person and then they do it anyway. Nobody in jail for contempt, judges issuing words of condemnation and little more and once again I harken back to the warnings I and many others gave back in the Spring of 2025 when we warned those who felt "the courts" would prevent things from getting out of hand.
Here once again today we see that court decisions are words on paper without any enforcement mechanism other than more words. The fascists aren't planning on allowing words to stop them. They also aren't planning on abiding by election results.
bluestarone
(21,814 posts)OUR country today! Your, "now what" is exactly what i've been screaming about as well. Be ready for ICE, or other ways this election will fail. God, i hope i'm wrong, because our freedoms should no longer be taken for granted. The shame i have is our forefathers died for all of us. Here we are at that same cross roads and what will OUR decision be?
choie
(6,832 posts)That's his credo.
KPN
(17,259 posts)Chief Roberts might actually be okay with that. He probably even has a deal already that he couldnt refuse.
NoMoreRepugs
(11,905 posts)durablend
(9,133 posts)Orrex
(66,891 posts)twodogsbarking
(18,194 posts)entire country going downhill. How long is this hill anyway. I can''t see the bottom or the top.
Grokenstein
(6,315 posts)You know what needs to be done.
Magoo48
(6,713 posts)Hassler
(4,847 posts)bucolic_frolic
(54,673 posts)Figarosmom
(10,978 posts)telling the Supremes to pound dirt. What now?
turbinetree
(27,325 posts)legislation.............
D. Spaulding
(484 posts)even shakier than his first excuse. We need some entity to file court challenges ASAP since 122 was never designed for this;
Limitations: Tariffs are capped at 15% and are restricted to a 150-day duration unless approved by Congress.
Legal Challenges: Experts argue that using this section for sweeping, universal tariffs would face significant legal challenges because it is intended to correct currency-related payments issues rather than protect specific domestic industries."
KY_EnviroGuy
(14,774 posts)LetMyPeopleVote
(177,634 posts)trump's new replacement tariffs are illegal. These tariffs can only be used when there is a balance-of-payments deficit which is very different from a balance of trade deficit. Since the US is no longer on a currency fixed exchange rate there have not been any balance of payment deficits for a couple of decades. These tariffs will be challenged and trump will lose again
Fascinating National Review post on Trump's latest Tariff gambit. Archive link here (it's pay walled, please don't give them money lol)
— Rude Law Dog (@esghound.com) 2026-02-21T19:01:57.437Z
archive.is/r4Xdf
https://www.nationalreview.com/corner/trumps-section-122-tariffs-are-illegal/
A trade deficit between the U.S. and a foreign nation occurs, mainly in connection with goods (which is just one aspect of international commerce), when imports are greater than exports. This is not really a problem for a variety of reasons e.g., a trade deficit results in an investment surplus, the U.S. is a major services economy and often runs exported services surpluses that mitigate the imports deficit in goods, etc.
The balance of payments is a broader concept than the balance of trade. It accounts for all the economic transactions that take place between the United States and the rest of the world. Even without getting into every kind of transaction that entails, suffice it to say that foreign investment in the United States, coupled with the advantages our nation accrues because the dollar is the worlds reserve currency, more than make up for the longstanding trade deficit in goods.
Our overall payments are in balance. There is no crisis.
Its vital to understand why Section 122 was enacted. There was a financial crisis in the late 60s and early 70s under the Bretton Woods system, when the dollar was tied to gold. Foreign countries that held dollar reserves could exchange them for gold at a fixed rate. Meanwhile, our government was spending at a high clip due to the Vietnam War and Great Society programs. This and the obligation to pay out gold put enormous pressure on the dollar. In response, in 1971, President Nixon severed the dollars tie to gold and as several justices recounted in Fridays Learning Resources opinions imposed a temporary 10 percent import surcharge (a tariff) to stabilize the economy......
There is no rationale under Section 122 to impose tariffs. Because President Trump has no unilateral authority to order tariffs, he must meet the preconditions of Section 122 to justify levying them. He cannot. Not even close.