February 23, 2026 — U.S. President Donald Trump said he plans to impose a new 15 percent tariff on all trade following a U.S. Supreme Court decision that invalidated his previous tariffs.
In a press conference following the Supreme Court decision on 20 February – and in a post on his social media site Truth Social that mirrored what he said at the conference – Trump said he plans to use Section 122 of the Trade Act of 1974 to impose a 10 percent tariff “over and above our normal tariffs already being charged.” Section 122 was established to allow the U.S. president to impose duties on other countries related to “large and serious” balance of payments issues.