Trump announces immediate hike of global tariffs to 15%
Feb 22nd 2026
President Trump said on Truth Social he will raise worldwide tariffs from 10% to 15% following a Supreme Court decision that limited his prior authority, but it is unclear whether formal orders have been signed.
- Trump posted that he is raising global tariffs to 15% from 10% and that the increase is effective immediately.
- No official documents have been confirmed as signed, while a White House fact sheet had set the original 10% tariffs to start Feb 24 at 12:01 a.m. ET.
- The announcement follows a 6 to 3 Supreme Court ruling that struck down the president's use of the International Emergency Economic Powers Act to impose broad tariffs.
- After the ruling, Trump used Section 122 of the Trade Act of 1974 to impose a 10% tariff that can remain in place for 150 days without congressional approval.
- Estimates suggest the government could owe more than $175 billion in refunds to importers, market reaction was mixed, and Congress is split along party lines over the tariffs.