#TrumpNewTariffs Latest Update (Feb 2026)
📊 What Happened
- On Feb 20, 2026, President Donald Trump announced a new 10% global tariff after the U.S. Supreme Court struck down his earlier emergency tariffs.
- The new tariffs are temporary (150 days) and apply globally, but countries with trade agreements (including India) will face a lower 10% rate.
- Trump called the Supreme Court ruling “deeply disappointing,” arguing he should have broader authority under emergency powers.
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💡 Key Details
- Tariff Rate: 10% global tariff, temporary for 150 days.
- Affected Countries: All exporters to the U.S., with India and others under trade agreements receiving the 10% rate.
- Legal Context: The Supreme Court ruled Trump exceeded authority under the 1977 International Emergency Economic Powers Act, forcing him to use a different legal basis.
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⚖️ Market & Trade Impact
- Short-Term: Increased costs for importers, potential inflationary pressure in the U.S.
- Global Trade: Countries like India benefit from a capped 10% tariff, while others may face higher effective rates.
- Uncertainty: Businesses face 150-day temporary tariffs, creating volatility in supply chains.