WRAP: Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy

Record ID: 2343448

  • Title: WRAP: Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy
  • Date: 21st February 2026
  • Summary: German analyst Carsten Brzeski, ING Chief economist told Reuters that the U.S. Supreme Court ruling against Trump's global tariffs did not necessarily mean any changes regarding the U.S.-EU deal. The deal which was closed last summer was not subject to the Supreme Court ruling, Brzeski said. (7234-US-TRUMP/TARIFFS-GERMANY ANALYST) FRANKFURT, GERMANY (FEBRUARY 20, 2026) (RE
  • Embargoed:
  • Keywords: Donald Trump Supreme Court Tariffs court ruling global trade trade
  • Location: VARIOUS
  • City: VARIOUS
  • Country: US
  • Topics: North America,Government/Politics
  • Reuters ID: LVA009731921022026RP1
  • Aspect Ratio: 16:9
  • Story Text: EDITORS PLEASE NOTE: THIS EDIT IS A WRAP AND CONTAINS NO NEW MATERIAL. ORIGINAL EDIT NUMBERS ARE INCLUDED IN SHOTLIST
    U.S. President Donald Trump on Friday (February 20) responded with fury to Supreme Court ruling that he lacked the power to unilaterally set tariffs on imports, denouncing individual justices as he vowed to continue a global trade war that has kept the world on edge for a year.
    Saying he was undeterred by what he repeatedly called a ridiculous ruling, Trump announced an immediate new 10% tariff on imports from all countries, on top of any existing tariffs, and then issued a proclamation putting them into effect. The law allows him to impose a levy of up to 15% for 150 days, although it could face legal challenges.
    The court's landmark 6-3 ruling upended the leverage Trump and his trade envoys have wielded over foreign governments at negotiating tables to reshape diplomatic relations and global markets.
    The ruling briefly sent U.S. stock indexes surging, before ending modestly higher as analysts warned of renewed confusion in global markets while they await Trump's next moves.
    Hours after the ruling, Trump signed an executive order repealing the tariffs that the court struck down, and he also issued a proclamation imposing a 10% duty on most goods imported into the U.S. for 150 days, granting exemptions for certain items including critical minerals, metals and energy products, the White House said.
    The orders continued exemptions already in place for aerospace products; passenger cars and some light trucks; goods from Mexico and Canada that are compliant with the U.S.-Mexico-Canada trade agreement; pharmaceuticals and certain critical minerals and agricultural products.
    (Production: Kevin Fogarty, Mariana Hernandez, Alexandra Sarabia, Ivan Romero, Kristin Neubauer, Christine Kiernan, Lisa Bernhard, Gregory Garner, Kyoko Gasha, Matthias Baehr, Lena Toepler, Greg Savoy, Paul Vieira)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2026. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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