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#TrumpAnnouncesNewTariffs
US President Donald Trump has launched a new global tariff campaign after the Supreme Court declared previous tariffs based on broad emergency powers illegal. Trump announced on Saturday that he was raising the temporary 10% global import tariff, announced on Friday, to 15%. In a post on his Truth Social account, Trump stated that the new tariff, which he described as the "maximum legal limit," would take effect immediately, citing the fact that "many countries have exploited the US for decades."

✨February 20, 2026 (Friday): The Supreme Court, by a 6-3 vote, overturned Trump's broad global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), citing an overstepping of authority. This decision dealt a significant blow to a key part of Trump's trade policy in his second term.
✨On the same day, Trump announced a temporary 10% global import tariff to replace the overturned tariffs. This tariff, under Section 122 of the 1974 Trade Act (an authority never before used), was designed to be applied for 150 days on the grounds of "serious balance of payments problems."
✨The tariff was to take effect on Tuesday, February 24, 2026, at 00:01 (Eastern Time). Some critical products (energy, certain agricultural products, pharmaceuticals, critical minerals, some electronics and vehicle parts) were exempted.
✨February 21, 2026 (Saturday): Trump revised the decision, announcing that he had increased the rate to 15%. This is stated as the maximum level permitted by Article 122.
#TrumpAnnouncesNewTariffs

✨The White House argues that these temporary tariffs are intended to protect American workers, farmers, and producers, and to address trade imbalances. However, experts say that after the 150-day period, they cannot be extended without congressional approval, potentially leading to new legal battles. ✨Uncertainty prevails in the markets: While some assets (such as Bitcoin) saw gains after Friday's court decision, fluctuations occurred after Saturday's 15% announcement. Governments and trading partners worldwide are assessing potential retaliatory tariffs and supply chain impacts.
✨The Trump administration has signaled that it will launch new investigations and, if necessary, impose additional tariffs using other legal powers (such as Sections 232 and 301). This development indicates that Trump's "America First" trade policy will continue despite the Supreme Court's obstacle.
🙋The issue is rapidly evolving, and official details can be followed from the White House and the Department of Commerce. What are your thoughts?
#TrumpAnnouncesNewTariffs

US President Donald Trump faced questions from Fox News reporter Peter Doocy regarding tariff refunds following the Supreme Court's recent decision. The Supreme Court's 6-3 ruling that most of the broad tariffs imposed under Trump's International Emergency Economic Powers Act (IEEPA) were illegal has raised concerns about potential refunds of approximately $175 billion.
🎙️Peter Doocy's question at a White House briefing was: "Do you have to refund $175 billion?"
Instead of giving a direct, clear "yes" or "no" answer, Trump criticized the Supreme Court's decision. Trump's response was:
🎙️"It took them months to write the decision… but they forgot to include a line about the money. We've collected hundreds of billions of dollars. What about the refunds? It wasn't discussed at all." Trump called the court's failure to address the issue of refunds collected "irrational," stating, "We collected hundreds of billions of dollars, not millions, hundreds of billions of dollars. What's going to happen to that money? They didn't discuss it. They didn't even put a sentence in: Keep the money or return it." He also indicated that the issue would likely be "resolved through litigation over the next two years," suggesting a long and complex process. Trump criticized the decision as "poorly written" and "not like it was written by intelligent people." ✨ The Supreme Court's decision to largely invalidate Trump's tariffs has triggered a tariff refund debate on a scale rarely seen in US history. Trump criticized the court's failure to address the issue, effectively throwing the ball back into the judicial process. The potential refund burden of approximately $175 billion will be a significant test for both the federal budget and international trade relations in the coming period.
The Supreme Court's decision invalidated a significant portion of the tariffs imposed by the Trump administration after "Liberation Day." According to estimates from independent sources such as the Penn-Wharton Budget Model, the amount that should be refunded to US importers under this scheme is approximately $175 billion. According to US Customs and Border Protection data, tariff revenue collected to date is in the range of approximately $130-160 billion. The decision does not contain any guidance on the refund mechanism. Therefore:
Hundreds of companies (including large retailers like Costco) have already filed lawsuits demanding refunds.
How, when, and to what extent refunds will be made remains unclear.
Some experts suggest that the process could become a "mess" of lawsuits that could last for years.
While Democrats argue that this money should be returned to American consumers or importers, the Trump administration has yet to announce an official refund policy. Trump's comments suggest that the administration may be inclined to delay or minimize refunds.
#TrumpAnnouncesNewTariffs