Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >After court ruling, Trump says US global tariff rate will rise from 10% to 15%
    Finance

    After Court Ruling, Trump Says US Global Tariff Rate Will Rise From 10% to 15%

    Published by Global Banking & Finance Review®

    Posted on February 21, 2026

    4 min read

    Last updated: April 3, 2026

    Add as preferred source on Google
    After court ruling, Trump says US global tariff rate will rise from 10% to 15% - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:global economy

    Quick Summary

    Following a Supreme Court defeat, President Trump said he will lift the global import tariff from 10% to 15%. The temporary levy under Section 122 can last up to 150 days as new, legally compliant measures are drafted.

    Trump Announces Increase in U.S. Global Tariff Rates to 15%

    By Andrea Shalal and Joseph Ax

    WASHINGTON, Feb 21 (Reuters) - President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program.

    Court Ruling and Immediate Tariff Increase

    The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court's decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law.

    The new levies are grounded in a separate but untested law, known as Section 122, that allows tariffs up to 15% but requires congressional approval to extend them after 150 days. No president has previously invoked Section 122, and its use could lead to further legal challenges.

    Trade experts and congressional aides are skeptical the Republican-majority Congress would extend the tariffs, given polls that show growing numbers of Americans blame the duties for higher prices.

    Exploring Additional Tariff Measures

    TRUMP EYES OTHER WAYS TO IMPOSE TARIFFS

    In a social media post on Saturday, Trump said he would use the 150-day period to work on issuing other "legally permissible" tariffs. The administration intends to rely on two other statutes that permit import taxes on specific products or countries based on investigations into national security or unfair trade practices.

    "I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level," he wrote in a Truth Social post.

    Exemptions and Trade Expert Opinions

    The Section 122 tariffs include exemptions for certain products, including critical minerals, metals and energy products, according to the White House.

    Wendy Cutler, a former senior U.S. trade official and senior vice president at the Asia Society think tank, said she was surprised Trump had not opted for the maximum Section 122 rate on Friday, adding that his rapid-fire change underscored the uncertainty trading partners faced.

    The Supreme Court's decision, authored by Chief Justice John Roberts, concluded the law Trump had used for most of his tariffs, the International Emergency Economic Powers Act, did not grant the president the powers he claimed.

    Roberts was joined in the majority by fellow conservatives Neil Gorsuch and Amy Coney Barrett, both Trump appointees, and the court's three liberal justices.

    Trump reacted with fury to the ruling, calling the justices in the majority "fools" and describing Gorsuch and Barrett in particular as "embarrassments," while vowing to continue his global trade war.

    Some foreign leaders applauded the decision. French President Emmanuel Macron said on Saturday the ruling showed it is good for democracies to have counterweights to power and the rule of law.

    German Chancellor Friedrich Merz said he expected the decision would ease the burden on German companies. He said he would use his upcoming U.S. trip to reiterate that "tariffs harm everyone."

    Impact on Trade Deals and International Reactions

    TRADE DEALS MUST BE HONORED: GREER

    Trump has used the tariffs, or the threat of imposing them, to extract trade deals from foreign countries.

    After the court's decision, Trump's trade representative, Jamieson Greer, told Fox News on Friday that those countries must honor agreements even if they call for higher rates than the Section 122 tariffs.

    Exports to the U.S. from countries such as Malaysia and Cambodia would continue to be taxed at their negotiated rates of 19%, even though the universal rate is lower, Greer said.

    Indonesia's chief negotiator for U.S. tariffs, Airlangga Hartarto, said the trade deal between the countries that set U.S. tariffs at 19%, which was signed on Friday, remains in force despite the court decision.

    The ruling could spell good news for countries like Brazil, which has not negotiated a deal with Washington to lower its 40% tariff rate but could now see its tariff rate drop to 15%, at least temporarily.

    With November's midterm elections looming, Trump's approval rating on his handling of the economy has steadily declined during his year in office, with 34% of respondents saying they approve and 57% saying they disapprove in a Reuters/Ipsos poll that closed on Monday.

    Affordability remains a top concern for voters. Democrats, who need to flip only three Republican-held seats in the U.S. House of Representatives in November to win a majority, have blamed Trump's tariffs for exacerbating the rising cost of living.

    (Reporting by Andrea Shalal and Doina Chiacu in Washington; Writing by Joseph Ax; Editing by Rod Nickel)

    References

    • After court ruling, Trump says US global tariff rate will rise from 10% to 15% – Reuters
    • Trump says he'll raise tariffs to 15 percent after Supreme Court ruling – AP News
    • Trump Raises Global Tariff Again—To 15%—After Supreme Court Decision – Forbes

    Table of Contents

    • Court Ruling and Immediate Tariff Increase
    • Exploring Additional Tariff Measures
    • Exemptions and Trade Expert Opinions
    • Impact on Trade Deals and International Reactions

    Key Takeaways

    • •Trump plans to raise the temporary global import tariff to 15% from 10%.
    • •Move follows the Supreme Court ruling against IEEPA-based tariffs on Feb 20, 2026.
    • •Action relies on Section 122 of the Trade Act of 1974, allowing up to 150 days.
    • •Administration will pursue additional, legally compliant tariffs; challenges likely.
    • •Global trade and markets may face short-term volatility and pricing pressures.

    Frequently Asked Questions about After court ruling, Trump says US global tariff rate will rise from 10% to 15%

    1What is the main topic?

    President Trump announced he will raise the temporary global import tariff from 10% to 15% after the Supreme Court struck down his earlier tariff program.

    2How long can the 15% tariff last?

    Under Section 122 of the Trade Act of 1974, the surcharge can remain in place for up to 150 days unless Congress extends it or it is terminated earlier.

    3Why did the Supreme Court ruling matter?

    The Court ruled Trump’s previous IEEPA-based tariffs unlawful, prompting the shift to a different legal basis and the announcement of new, legally compliant measures.

    More from Finance

    Explore more articles in the Finance category

    Image for MPS investor Norges to support Lovaglio's re-election as CEO
    Mps Investor Norges to Support Lovaglio's Re-Election as CEO
    Image for European Banking Authority opens consultation on simpler data reporting measures
    European Banking Authority Opens Consultation on Simpler Data Reporting Measures
    Image for Hong Kong grants first stablecoin licences to StanChart joint venture, HSBC
    Hong Kong Grants First Stablecoin Licences to StanChart Joint Venture, HSBC
    Image for Italy industry output edges up in February but outlook darkening
    Italy Industry Output Edges up in February but Outlook Darkening
    Image for EU and US near critical minerals deal to combat Chinese control, Bloomberg News reports
    EU and US Near Critical Minerals Deal to Combat Chinese Control, Bloomberg News Reports
    Image for Italy's UniCredit considers liquidating Russian banking business, Kommersant reports
    Italy's UniCredit Considers Liquidating Russian Banking Business, Kommersant Reports
    Image for Polls in Hungary and Peru next in key election year for world markets
    Polls in Hungary and Peru Next in Key Election Year for World Markets
    Image for UK's Healey says U.S. 'absolutely locked' into NATO
    UK's Healey Says U.S. 'absolutely Locked' Into NATO
    Image for Daimler Truck Q1 unit sales decline on weak North America demand
    Daimler Truck Q1 Unit Sales Decline on Weak North America Demand
    Image for UK retail discounter B&M’s interim CFO exits after less than five months in role
    UK Retail Discounter B&M’s Interim CFO Exits After Less Than Five Months in Role
    Image for Pound dips but set for biggest weekly rise since January on Iran hopes
    Pound Dips but Set for Biggest Weekly Rise Since January on Iran Hopes
    Image for Eni to take stake in Canada's Nouveau Monde Graphite in $70 million investment
    Eni to Take Stake in Canada's Nouveau Monde Graphite in $70 Million Investment
    View All Finance Posts
    Previous Finance PostMerz Rules Out Loosening Germany's Debt Limits Again in Current Term
    Next Finance PostGermany's Merz Hopes for Relief After Trump Tariff Verdict but Uncertainty Lingers