Right now, the calendar is approaching midnight on February 23, 2026, and the world is once again fixated on Trump’s “tariff dance.” While the Supreme Court’s historic decision on Friday, February 20, 2026, is expected to overturn most of the broad tariffs imposed by the President under the International Emergency Economic Powers Act (IEEPA), Trump’s response is classic: tougher, faster, more Trump.

Let’s summarize what happened through the eyes of a crypto trader:
• Friday’s SCOTUS blow: 6-3 vote declared many tariffs imposed by Trump under the “national emergency” as illegal. In other words, those old “hammer everyone” tariffs are effectively thrown out—at least those under IEEPA.
• Trump’s immediate counterattack: Same day, announced at a press conference and later on Truth Social: A new universal global tariff is coming. Starting at 10%, but not enough – he immediately raised it to 15% on Saturday! Legal basis? Section 122 of the 1974 Trade Act. This section authorizes the president to impose a temporary import tax of up to 15% for 150 days. Effective date: February 24, 2026, at 00:01—meaning the pumps are running as of tomorrow morning.
• Are there exceptions? Yes, the White House fact sheet exempts critical minerals, energy products, some agricultural goods like tomatoes, oranges, medicines, electronic components, vehicles, aerospace parts, etc. But the general rule: almost every imported good faces +15%.
What do the markets say? Gate Square traders are already going crazy.
There’s a slight shake in global stock markets, but the main impact seems to be coming in the upcoming weeks:
• Inflation fears reignited → Fed’s rate cut hopes might be delayed a bit more.
• The dollar index is strengthening, but major partners like China, the EU, and Canada are signaling retaliation.
• On the crypto side? Risk-off mode is mildly active – short-term pressure on BTC and ETH, but long-term, some altcoins are starting to talk about “US manufacturing incentives,” especially reshoring-themed projects.
• The topic at Gate Square has exploded – over 383k interactions, everyone’s analyzing “Will the supply chain break, or will a new narrative emerge?”
Trump’s Twitter—sorry, Truth Social—summary:
“Tariffs are the best word. They’ve been ripping us off for years, enough is enough! Starting at 15%, and if needed, we’ll raise it even more. Make America Wealthy Again!”
And of course, Trump’s classic style: calling the court decision a “disgrace,” and shifting into “they lose, we win” mode.
A small note from Izmir:
Thinking while having coffee here… Turkey’s exports to the US—textiles, auto parts, machinery, etc.—will be directly affected by this. The USD/TRY is already sensitive, and if this adds up, import costs could skyrocket. But on the other hand, if Trump’s “domestic production” dream comes true, maybe some sectors in Turkey could emerge as alternative suppliers—who knows?
In short: Trump isn’t giving up, and even sees the court decision as a “level-up” opportunity. The world economy is once again preparing to dance to his rhythm.
What do you think? Will this 15% global tariff crush the crypto rally, or will it spark a new “America First” coin frenzy? Let’s blow it up in the comments! 🔥