#TrumpAnnouncesNewTariffs In a dramatic turn of events on February 20–21, 2026, U.S. President Donald Trump announced a new 10 % global tariff on imports after a major setback at the Supreme Court. Facing a ruling that struck down his previous tariff framework as exceeding executive authority, the White House pivoted to alternate statutory powers to re-impose levies on goods entering the United States — a move that is reshaping global trade relations and stirring controversy at home and abroad. �

Los Angeles Times +1
Trump’s announcement came immediately after the U.S. Supreme Court ruled 6-3 that his earlier sweeping tariffs, imposed under the International Emergency Economic Powers Act, were unconstitutional. In response, the president signed an executive proclamation invoking Section 122 of the Trade Act of 1974 to implement a temporary 10 % ad valorem duty on imports for 150 days, with certain exemptions for critical minerals, energy products, pharmaceuticals, and USMCA-compliant goods from Canada and Mexico. This approach aims to circumvent the legal obstacle while maintaining his broader “America First” trade strategy. �
Al Jazeera +1
At the White House briefing, Trump defended the tariffs as necessary to protect American jobs, address fundamental international payment imbalances, and stimulate domestic production by discouraging excessive import reliance. Administration officials framed the measure as both an economic lever and a tool of national security — seeking to rebalance trade relationships that, in their view, have disadvantaged U.S. workers and manufacturers. �
The White House
However, the political and economic fallout has been swift. Governors, members of Congress, and industry groups have expressed deep concerns. Critics argue that tariffs act like hidden taxes on consumers and businesses, raising costs for goods and disrupting complex supply chains. In California — one of the states hardest hit by previous tariff regimes — the Supreme Court’s decision was celebrated by local leaders who argued that tariffs had increased costs for farmers, ports, and small enterprises across the state. �
CalMatters
Internationally, trading partners and markets are reacting cautiously. Economists warn that renewed levies, even temporary ones, could prompt retaliatory measures, strain diplomatic relations, and add volatility to already uncertain global trade dynamics. Analysts also note that the legal uncertainty surrounding tariff authority may lead to prolonged court battles and political gridlock unless Congress becomes more deeply involved in setting trade authorization parameters. �
Al Jazeera
Beyond politics, the markets have already shown sensitivity to tariff threats. Earlier in January 2026, broad tariff escalation under Trump contributed to a sharp one-day sell-off in U.S. equities — particularly in technology sectors — highlighting how trade policy can intersect with investor confidence and market stability. �
Wikipedia
As the 150-day temporary tariff period begins, key questions loom: Will Congress extend or codify new tariff authorities? How will export-oriented industries adapt? And can the U.S. avoid full-blown trade retaliation from key partners? Whatever unfolds, this tariff announcement marks a defining moment in 2026 trade policy — one that could leave lasting impacts on global supply chains, U.S. competitiveness, and the broader geopolitical economy.