Overview
- Just a day after a 6–3 Supreme Court ruling said he unlawfully used IEEPA to levy broad import duties, the president replaced his approach with a global tariff first set at 10% and then lifted to 15%.
- Trump said the higher rate takes effect immediately, though earlier White House guidance had set a Feb. 24 start for the initial 10% measure.
- Section 122 allows up to a 15% tariff for a limited period, and analysts expect fresh court challenges over how far this authority extends.
- The ruling has opened the door to sizable refund claims for previously collected duties, with reported estimates topping $175 billion as importers pursue litigation.
- U.S. partners signaled urgent reviews of their positions, with EU officials planning consultations, while domestic dissent surfaced as Republican leaders such as Mitch McConnell criticized large, sweeping tariffs and markets reacted to the shifting policy.