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Trump Implements New Global Tariffs After Supreme Court Ruling

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The US Supreme Court has ruled that President Donald Trump exceeded his authority by imposing global tariffs using the International Emergency Economic Powers Act (IEEPA). In a 6-3 decision, the court affirmed that such tariffs could not be applied without Congress’s authorization.

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Trump's original tariffs targeted goods from China, Mexico, and Canada, citing fentanyl trafficking as an emergency. Later, he expanded these levies to nearly every country, claiming the US trade deficit posed a significant threat. However, the court emphasized that creating taxes is a power reserved for Congress and that IEEPA was not intended for revenue generation.

New Temporary Tariffs

In response to the court ruling, Trump signed a proclamation under Section 122 of the 1974 Trade Act, allowing a new 10% global tariff on imports, subsequently raised to 15%. Section 122 permits a temporary tariff for up to 150 days, after which Congress must intervene. However, the law may allow the president to let tariffs lapse and reintroduce them by declaring a new emergency, as noted by the Cato Institute.

The administration is also exploring tariffs under Section 301 of the Trade Act of 1974, which authorizes tariffs on countries with discriminatory trade practices. Additionally, Section 232 of the Trade Expansion Act of 1962, used by Trump in his first term, allows for tariffs on imports that threaten national security after an investigation.

Treasury Secretary Scott Bessent stated that combining Section 122 tariffs with enhanced Section 232 and Section 301 tariffs would ensure continued tariff revenue. This strategy seeks to compensate for the revenue loss from the IEEPA tariffs.

Refunds and Legal Implications

While the Supreme Court deemed the IEEPA tariffs unlawful, it offered no guidance on refunds. Trump predicts extended litigation over potential refunds. Larger companies might benefit more from refunds due to the complex claims process, leaving smaller businesses at a disadvantage.

Over a thousand businesses have already requested tariff refunds, with numbers expected to increase. Illinois Governor JB Pritzker urged the White House to issue $1,700 refund checks to affected households. Trump previously hinted at the possibility of rebate checks.

Current Tariff Landscape

The new tariffs, effective February 24, apply to all imports into the US. Countries with existing trade deals, such as the UK, India, and the EU, are not exempt from these tariffs under Section 122. The Trump administration expects these countries to continue honoring their trade agreements.

Certain goods, including critical minerals, energy products, pharmaceuticals, and items under the USMCA agreement, are exempt from the new taxes. Informational materials, donations, and personal baggage are also exempt.

Trump has retained tariffs on low-cost goods by eliminating the de minimis exemption, which allowed goods valued at $800 or less to enter the US duty-free.

Future Considerations

The tariffs aim to address international payment issues and rebalance American trade, according to the White House. The strategy reflects Trump’s emphasis on leveraging tariffs to boost the US economy by channeling revenue into the Treasury.

The ongoing trade and tariff dynamics highlight the complex interplay between executive actions, legislative powers, and international trade relations. As the situation evolves, businesses and consumers alike face uncertainty regarding the financial implications and potential refunds.

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  Adapted by ASEAN Now · Source · 21 Feb 2026


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When you first don't succeed , try ,try again.

Plan B : Global Tariffs .15%. Fair enough Mr. President.


Bessent Says Tariff Revenue Will Be Little Changed in 2026

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The Supreme Court effectively told him he overstepped his authority on the original tariffs. Instead of accepting that ruling, he’s immediately reached for another legal lever to reimpose them at the maximum allowed rate. That’s not careful trade policy, it’s belligerently refusing to concede ground!

If this were about a clear balance-of-payments emergency, you’d expect detailed economic justification. Instead, it's more like a message: “You can’t stop me.”

That may be OK amongst his supporters, but globally it just reinforces the perception of unpredictability.

Markets and trading partners prefer stability. This move signals escalation rather than strategy!

From Justice Gorsuch concurring opinion:

The President claims that Congress delegated to him an

extraordinary power in the International Emergency Eco

nomic Powers Act (IEEPA)—the power to impose tariffs on

practically any products he wants, from any countries he

chooses, in any amounts he selects. (my bold)

There isn't anything in Trump's new 'stronger' tariff quiver that goes as far as that.

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When you make decisions without knowledge of the subject matter further down the line it comes back to bite you IO the a$se. He’s done a lot of those and the chickens are coming home to roost.

From David Mamet script The Untouchables (1987)

Jim Malone: [stopping at a post office] Well, here we are.

Eliot Ness: What are we doing here?

Jim Malone: Liquor raid.

Eliot Ness: [looking at the police station across the street] Here?

Jim Malone: Mr. Ness, everybody knows where the booze is. The problem isn't finding it, the problem is who wants to cross Capone.

The current case about IEEPA tariffs always had the component of legal merit and unitary theory. But underlying all that, was:

Who on the Supreme Court (other than the 3 libs) was going to be willing to cross Trump.

And what happened is likely what they figured would happen.

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On 2/22/2026 at 7:22 AM, Jim Waldron said:

If this were about a clear balance-of-payments emergency, you’d expect detailed economic justification. Instead, it's more like a message: “You can’t stop me.”

And from what I read, there is no balance of payment emergency!

From the 'leftie' Fortune! 😂

Trump’s plan B to impose new tariffs is also illegal because a balance-of-payments deficit doesn’t exist, trade experts say

https://fortune.com/2026/02/21/trump-tariffs-section-122-trade-law-trade-deficit-capital-account-surplus-balance-of-payments/

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3 hours ago, candide said:

And from what I read, there is no balance of payment emergency!

From the 'leftie' Fortune! 😂

Trump’s plan B to impose new tariffs is also illegal because a balance-of-payments deficit doesn’t exist, trade experts say

https://fortune.com/2026/02/21/trump-tariffs-section-122-trade-law-trade-deficit-capital-account-surplus-balance-of-payments/

It doesn’t matter to him he will tie this grift up in court as long as he can to continue to rip off the American consumers with his illegal by ditctate tax.Its what he does he’s a one trick pony.Id like to know were this ill gotten money goes……financing his tax break for the wealthy?financing his private thug army ice?paying for fake audiences for his vacuous wife’s sham documentary?who knows but I bet very little of it benefits the USA or our people.Thats not even getting into the chaos and hardship he’s creating in the world….ruining our/squandering our reputation in the world.enough!!pull the handle and FLUSH!!

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