TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Trump imposes new 10% global tariff

The Editor by The Editor
February 20 2026
in Business, Global News
A A
0
Trump imposes new 10% global tariff

US President Donald Trump slammed Friday's Supreme Court decision limiting his power, calling it 'disappointing' and labeling those justices who lined up against him 'a disgrace'Image: Kevin Lamarque/REUTERS

After the US Supreme Court on Friday struck down sweeping tariffs imposed by President Donald Trump, the White House announced the end of certain duties enacted under a law used to address national emergencies.

The White House said those tariffs “shall ​no longer be in ​effect and, as ‌soon as practicable, shall ​no ⁠longer be collected.”

Undeterred by the Supreme Court ruling, Trump said later on Friday in a post on his Truth Social platform that he had the “Great Honor” to sign an order imposing temporary 10% tariffs on global imports to be “effective almost immediately.”

The move comes after the conservative-majority Supreme Court said the 1977 International Emergency Economic Powers Act (IEEPA), which Trump had originally used to impose tariffs, “does not authorize the president to impose tariffs.”

The new 10% tariff is scheduled to go into effect at 12:01 a.m. Tuesday (0601 Wednesday UTC/GMT) and can initially last 150 days.

The White House said the new import duty will not apply to certain food products and to important minerals or goods already subject to separate tariffs that remain in place after the top court’s ruling.

The court’s decision upholds a lower court ruling from May that found Trump had overstepped his authority by unilaterally declaring punitive and “reciprocal” tariffs. The government had appealed the lower court ruling.

Trump has routinely levied or threatened to levy such penalties on trading partners for a host of reasons ranging from vague claims of unfair treatment to attempting to influence foreign courts to help his political allies abroad. The US Constitution gives Congress the sole power to levy tariffs.

Though other presidents have made ample use of the IEEPA, often to impose sanctions, Trump is the first president to use it for import taxes.

In Friday’s majority opinion, Chief Justice John Roberts declared, “The Framers [of the US Constitution] did not vest any part of the taxing power in the Executive Branch.”

The court found that, “had Congress intended to convey the distinct and extraordinary power to impose tariffs” with IEEPA, “it would have done so expressly, as it consistently has in other tariff statutes.”

In a statement put out after news of the decision broke, Canadian Chamber of Commerce President and CEO Candace Laing called it a legal ruling, not a ​policy reset, adding, “Canada should prepare for new, blunter mechanisms to be used to reassert trade pressure, potentially with broader and more disruptive effects.”

Hours after the news broke, Trump called the decision “deeply disappointing” and directed his ire at those justices who voted against his tariff authority.

“I’m ashamed of certain members of the court for not having the courage to do what’s right,” he said, labeling those who voted against his power to unilaterally levy tariffs a “disgrace to the nation.”

Trump appointed three justices to the Supreme Court in his first term, only Justice Brett Kavanaugh voted in his favor, while Justices Amy Coney Barrett and Neil Gorsuch were part of the majority.

Trump later called the two a “embarrassment to their families” without going so far as to say that he regretted having appointed them.

He then maligned the court’s liberal justices as “unpatriotic” and anti-American.

After claiming that the court was under the sway of foreign influences and threatening investigations, Trump said foreign countries are “dancing in the streets [over the decision], but they won’t be dancing for long.”

He said many more measures are in the works and brushed off a question about the need to consult Congress moving forward, saying: “I don’t have to. I have the right to do tariffs, and I’ve always had the right to do tariffs,” seemingly ignoring the court’s decision.

When asked if the decision would result in even higher tariffs, Trump said, “possibly.”

Friday’s decision, which saw conservative Justices Samuel Alito, Clarence Thomas and Brett Kavanaugh dissenting, marked the first time the Supreme Court has taken steps to rein in Trump’s executive authority.

Writing the dissent, Justice Brett Kavanaugh said Friday’s decision “is not likely to greatly restrict presidential tariff authority going forward.”

Trump had been outspoken about the case before Friday, warning that striking down his ability to levy tariffs would be an economic body blow to the country.

The Congressional Budget Office previously released projections estimating the tariffs would generate $3 trillion (€2.54 trillion) in revenue over the next decade.

In December, the US Treasury claimed to have collected some $133 billion in tariff revenue.

Despite these claims, Trump’s tariff policy remains unpopular with US taxpayers and businesses.

Though Friday’s decision will keep Trump from applying tariffs under the IEEPA, administration officials say they expect the tariff framework to remain in place under other authorities.

The administration has argued that the tariffs are paid by ill-behaved trading partners, but experts say US consumers and businesses are bearing the brunt of the economic hit.

Ahead of Friday’s Supreme Court decision, companies such as Costco insisted they deserve a refund for the losses they have incurred as a result of the president’s policies.

In his dissent, Kavanaugh wrote, “The court says nothing today about whether, and if so how, the government should go about returning the billions of dollars that it has collected from importers. But that process is likely to be a ‘mess,’ as was acknowledged at oral argument.”

US ⁠Treasury Secretary Scott Bessent said the Supreme Court has taken away Trump’s leverage with its decision.

“The Supreme Court has taken away the president’s leverage, but ​in a way, they have made the leverage that ​he has more draconian because they agreed he ​does ‌have the right to a full embargo,” Bessent told “The Will Cain Show” on Fox News.

“We will get ‌back to the same tariff level for ‌the countries. ​It will just be in a less direct and slightly more convoluted manner,” he said.

Bessent also stressed that he believed every country was going to ​honor the trade agreements ‌made with the Trump administration over the last year.

“He (Trump) has a right to a ​complete embargo, ⁠he can just cut countries off … or he can cut whole ⁠product lines off. ​We can’t receive any money. So, I would call on all countries to honor their agreements and move forward,” Bessent underlined.

Reacting to the decision, EU Trade & Economic Security spokesman Olof Gil wrote on X, “Businesses on both sides of the Atlantic depend on stability and predictability in the trading relationship. We therefore continue to advocate for low tariffs and to work towards reducing them.”

As a result of US badgering, the EU and other US trading partners have shifted alliances away from Washington, instead signing extensive trade agreements with China and India, for instance, in pursuit of economic cooperation.

Jürgen Hardt, politician and foreign policy spokesperson for Germany’s governing Christian Democrats (CDU), told DW that it’s “too early to judge” on whether the Supreme Court ruling will lead to any meaningful change in the Trump administration’s conduct of trade relations.

Hardt believes Trump will have to weigh the consequences of his politics carefully until the US midterm elections later this year.

The German parliamentarian also expressed hope that the latest development could provide fresh momentum for trade negotiations between the US and the European Union. “I think we also have to think about what is the consequence for us, maybe a new momentum in trade negotiations with the US and also new momentum for some parts of the business,” he stressed.

Agathe Demarais, a senior policy adviser at the European Council on Foreign Relations (ECFR), told DW she expects the Trump administration to pursue other avenues to keep tariffs in place, while at the same time emphasizing that they have failed to deliver the economic boost the president claimed they would when he introduced them.

“For starters, the US goods trade deficit grew by 2.1%, to $1.23 trillion last year — an all-time record. Far from shrinking, US imports grew by 4.5% (or $145 billion)” in 2025, she said.

“As to who pays for tariffs,” said Demarais, “the data are unambiguous: According to a recent paper from the Kiel Institute, which analyzed over 25 million shipments worth nearly $4 trillion, US firms and consumers bear 96% of tariff costs — not foreign exporters. New York Fed data confirm this analysis, putting tariff pass-through at more than 90% on average.”   – DW.

Previous Post

Escaping Nigeria’s looming debt trap – Punch

Next Post

APC hails Enugu’s peaceful, transparent ward congresses, assures on LG congresses

Related Posts

UK bans U-16s from social media
Global News

UK bans U-16s from social media

June 15 2026
US B-52 bomber crashes after take-off from base
Global News

US B-52 bomber crashes after take-off from base

June 15 2026
Nigeria’s Inflation rate climbs to 15.93% in May
Business

Nigeria’s Inflation rate climbs to 15.93% in May

June 15 2026
Dangote unveils plans for largest free trade zone in Ondo
Business

Dangote unveils plans for largest free trade zone in Ondo

June 15 2026
Iran dismisses idea of Trump meeting supreme leader
Global News

Iran, US agree to halt war, reopen Hormuz

June 15 2026
30 banks meet CBN recapitalisation rules as deadline nears
Business

CBN unveils new benchmark rate

June 15 2026
Next Post
APC hails Enugu’s peaceful, transparent ward congresses, assures on LG congresses

APC hails Enugu's peaceful, transparent ward congresses, assures on LG congresses

Becoming a king won’t end my showbiz career — Okey Bakassi

Becoming a king won’t end my showbiz career — Okey Bakassi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

Ondo LG shuts schools over security concerns

Ondo LG shuts schools over security concerns

by The Editor
June 2 2026
0

...

APPOINTMENTS

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

by The Editor
June 9 2026
0

...

Pres. Tinubu swears in two new ministers

Pres. Tinubu swears in two new ministers

by The Editor
June 8 2026
0

...

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

ODDITIES

Judgement on filming police deepens freedoms – Punch

Police arrest pregnant woman for supplying logistics to Abuja kidnappers

by The Editor
June 15 2026
0

Bus driver stabs transport officer to death in Calabar

Lady lures friend for boyfriend to kill, harvests body parts

by The Editor
June 9 2026
0

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

by The Editor
June 9 2026
0

GLOBAL NEWS

UK bans U-16s from social media

UK bans U-16s from social media

by The Editor
June 15 2026
0

...

US B-52 bomber crashes after take-off from base

US B-52 bomber crashes after take-off from base

by The Editor
June 15 2026
0

...

Iran dismisses idea of Trump meeting supreme leader

Iran, US agree to halt war, reopen Hormuz

by The Editor
June 15 2026
0

...

Xenophobia: Our artistes losing gigs, businesses affected – South African minister laments

Xenophobia: Our artistes losing gigs, businesses affected – South African minister laments

by The Editor
June 15 2026
0

...

Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

by The Editor
June 11 2026
0

...

State of the States

Kano closes schools for Eid-el-Kabir

Islamic New Year: Kano declares Tuesday public holiday

by The Editor
June 15 2026
0

...

Kinsmen honour Gov. Mbah at grand reception

Kinsmen honour Gov. Mbah at grand reception

by The Editor
June 15 2026
0

...

Kano govt budgets N1.5bn for mass wedding

Kano govt budgets N1.5bn for mass wedding

by The Editor
June 15 2026
0

...

Fubara orders fresh LG elections in Rivers State

Rivers State to shut down unapproved private schools

by The Editor
June 11 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UK bans U-16s from social media

UK bans U-16s from social media

June 15 2026
US B-52 bomber crashes after take-off from base

US B-52 bomber crashes after take-off from base

June 15 2026
Late Major General Rabe Abubakar’s widow regains freedom from kidnappers

Late Major General Rabe Abubakar’s widow regains freedom from kidnappers

June 15 2026
Iyabo Obasanjo rejoins PDP

Iyabo Obasanjo rejoins PDP

June 15 2026

EDITORIAL REVIEW

Party primaries of discontent – Punch

Party primaries of discontent – Punch

by The Editor
June 15 2026
0

The reign of kidnappers – Thisday

The reign of kidnappers – Thisday

by The Editor
June 11 2026
0

Foreigners looting national assets intolerable – Punch

Foreigners looting national assets intolerable – Punch

by The Editor
June 10 2026
0

Violence deepens, Tinubu must act – Punch

by The Editor
June 9 2026
0

Nigerian workers deserve a living wage – Punch

Nigerian workers deserve a living wage – Punch

by The Editor
June 8 2026
0

Opinion

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Nigeria at critical juncture – Vanguard

Nigerian economy: The street is not smiling!

by The Editor
June 1 2026
0

...

Tinubu sticking to anti-masses policy, says Afenifere

As criminals seize Nigerian babies

by The Editor
May 31 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.