Trump signs 10% global tariff after Supreme Court voids IEEPA-based duties
Feb 22nd 2026
After the Supreme Court ruled that the International Emergency Economic Powers Act does not authorize tariffs, President Trump issued an executive order using Section 122 to impose a 10% global tariff that takes effect immediately and lasts 150 days without congressional approval.
- The Supreme Court in a 6-3 decision said IEEPA does not authorize the President to impose tariffs, invalidating many of Trump’s reciprocal and trafficking-related duties.
- Trump posted that he signed an executive order imposing a 10% global tariff under Section 122, which the White House says takes effect almost immediately and expires after 150 days unless Congress extends it.
- The administration says tariffs under Section 232 and Section 301 remain in full force and additional tariffs could be pursued under other existing laws.
- A White House official told CNBC the change will leave China’s overall U.S. tariff rate at 35 percent after replacing prior IEEPA levies.
- Treasury Secretary Scott Bessent said replacing the struck-down IEEPA tariffs with other authorities will keep U.S. tariff revenue roughly unchanged in 2026.