President Donald Trump said he will impose a new 10 percent global tariff through an executive order, hours after the Supreme Court struck down his broader tariff plan. Trump said the new levy will add to existing tariffs that remain in effect.
The court in its ruling on Friday found that the White House exceeded its legal authority by acting without congressional approval.
The ruling immediately affected financial markets, with the Dow Jones Industrial Average rising more than 200 points as investors reacted to the decision.
Breaking: President Trump will impose a 10% global tariff under a different authority, and said he was “ashamed of certain members of the court” over today’s ruling https://t.co/xMckeKWWjJ
— The Wall Street Journal (@WSJ) February 20, 2026
The market response also came amid signs of slowing economic growth. Government data showed U.S. gross domestic product grew at a weak 1.4% annual rate in the fourth quarter, well below expectations.
Inflation remained elevated, with the core personal consumption expenditures index holding at 3% in December.
The decision limits the president’s ability to impose broad tariffs without explicit authorization from Congress.
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TIPP Staff
TIPP Staff
