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BumRushDaShow

(167,831 posts) Sat Feb 21, 2026, 11:28 AM 11 hrs ago

Trump to hike global tariffs to 15% from 10%, 'effective immediately'

Last edited Sat Feb 21, 2026, 12:31 PM - Edit history (2)

Source: CNBC

Published Sat, Feb 21 2026 11:23 AM EST Updated 13 Min Ago

President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his “reciprocal” tariffs. The new tariffs will be “effective immediately,” Trump said in a Truth Social post.

“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 his social media post, Trump also warned that additional tariffs would follow. “During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs,” he wrote.

While Trump’s announcement claimed that the new tariffs will take effect without delay, it is unclear if any official documents have been signed detailing the timing. A White House fact sheet issued Friday said the original 10% tariffs would go into effect on Tuesday, Feb. 24, at 12:01 a.m. ET. The White House did not immediately respond to a CNBC request for comment.

Read more: https://www.cnbc.com/2026/02/21/trump-tariffs.html

Article updated (finally back in after Cloudflare glitches).

Previous article -

Published Sat, Feb 21 2026 11:23 AM EST Updated 3 Min Ago

President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his "reciprocal" tariffs. The new tariffs will be "effective immediately," Trump said in a Truth Social post.

"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 his social media post, Trump also warned that additional tariffs would follow. "During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs," he wrote. The White House did not immediately respond to a CNBC request for comment.

The increase comes after the Supreme Court on Friday, in a 6-3 tariff ruling, decided that Trump wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to implement his levies.

Original article/headline -

Trump to boost global tariffs to 15% from 10%, 'effective immediately'

Published Sat, Feb 21 2026 11:23 AM EST

This is breaking news. Please refresh for updates.

20 replies

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Highlight:

Trump to hike global tariffs to 15% from 10%, 'effective immediately' (Original Post) BumRushDaShow 11 hrs ago OP

Too bad the Casino Stock Market isn't open today mdbl 11 hrs ago #1

Boosting tariffs 50% within 24 hours. no_hypocrisy 11 hrs ago #2

NOBODY wants or will do business with or in the US because Dawg knows what the Mad King will do tomorrow n/t Cheezoholic 11 hrs ago #3

Looks like Trump decided to ignore the SC ruling. sop 11 hrs ago #4

he did not. drray23 11 hrs ago #5

What requirements has he not met? It sounds like we're stuck with them for at least 150 days. SunSeeker 9 hrs ago #11

Its supposed to be used to correct large trade imbalances drray23 8 hrs ago #15

But the statute requires the tariff to be the same across all countries. SunSeeker 7 hrs ago #17

Still does not work. drray23 7 hrs ago #18

Ah, why didn't you say so! It's not the blanket nature of it, the problem is it doesn't apply to trade deficits! SunSeeker 7 hrs ago #19

This will force Americans to buy products made in the United States that aren't made in the United States. twodogsbarking 11 hrs ago #6

As I heard pointed out last night EarlG 11 hrs ago #7

shithole did say he can destroy the USA..... Lovie777 10 hrs ago #8

President CHAOS strikes again. N/T Jacson6 10 hrs ago #9

He's like a small child who's told he cannot do something ashredux 10 hrs ago #10

He can't stop stealing from us. Nt Hope22 9 hrs ago #12

Don't worry, by Monday he will have reduced them 5,000 percent. generalbetrayus 9 hrs ago #13

Why Trump's Section 122 Tariffs Are Illegal LetMyPeopleVote 8 hrs ago #14

This message was self-deleted by its author drray23 8 hrs ago #16

Reminds me of when The Three Stooges were in a leaking boat and drilled a hole to let the water out. twodogsbarking 7 hrs ago #20

mdbl

(8,407 posts)

1. Too bad the Casino Stock Market isn't open today

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 11:31 AM

11 hrs ago

I would have liked to see the reaction.

no_hypocrisy

(54,665 posts)

2. Boosting tariffs 50% within 24 hours.

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 11:33 AM

11 hrs ago

Will the price of coffee go down?

Cheezoholic

(3,620 posts)

3. NOBODY wants or will do business with or in the US because Dawg knows what the Mad King will do tomorrow n/t

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 11:35 AM

11 hrs ago

sop

(18,125 posts)

4. Looks like Trump decided to ignore the SC ruling.

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 11:37 AM

11 hrs ago

Who's going to stop him?

drray23

(8,681 posts)

5. he did not.

Reply to sop (Reply #4)

Sat Feb 21, 2026, 11:40 AM

11 hrs ago

He is using another statute that the one they struck down. This one is capped at 15% max and only for 150 days. It also has other requirements that are likely not met so it will be challenged again.

SunSeeker

(58,015 posts)

11. What requirements has he not met? It sounds like we're stuck with them for at least 150 days.

Reply to drray23 (Reply #5)

Sat Feb 21, 2026, 01:49 PM

9 hrs ago

https://www.cfr.org/articles/how-trumps-tariffs-could-survive-the-supreme-court-ruling

Which could explain why the Dow did not jump much with the Supreme Court ruling, and is now below 50,000.

drray23

(8,681 posts)

15. Its supposed to be used to correct large trade imbalances

Reply to SunSeeker (Reply #11)

Sat Feb 21, 2026, 02:56 PM

8 hrs ago

However he issued a blanket tariff amongst all countries, many of which do not have trade imbalances.

SunSeeker

(58,015 posts)

17. But the statute requires the tariff to be the same across all countries.

Reply to drray23 (Reply #15)

Sat Feb 21, 2026, 03:02 PM

7 hrs ago

So all he has to do is claim a an emergency trade imbalance with just some countries, not all of them.

drray23

(8,681 posts)

18. Still does not work.

Reply to SunSeeker (Reply #17)

Sat Feb 21, 2026, 03:03 PM

7 hrs ago

See the recent OP about that:

https://www.democraticunderground.com/100221037751

SunSeeker

(58,015 posts)

19. Ah, why didn't you say so! It's not the blanket nature of it, the problem is it doesn't apply to trade deficits!

Reply to drray23 (Reply #18)

Sat Feb 21, 2026, 03:15 PM

7 hrs ago

It applies to "balance of payments" imbalances, which is not the same thing! Thanks for the link to LetMyPeopleVote's excellent OP!

twodogsbarking

(18,194 posts)

6. This will force Americans to buy products made in the United States that aren't made in the United States.

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 11:53 AM

11 hrs ago

Have I made myself clear.

EarlG

(23,546 posts)

7. As I heard pointed out last night

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 12:01 PM

11 hrs ago

Trumps previous rationale for using tariffs was that it would give him leverage to use against other countries to create better trade agreements. But since these new tariffs expire after 150 days, they can’t be used in that way. So this is basically just a 15% tax hike on Americans.

Lovie777

(22,437 posts)

8. shithole did say he can destroy the USA.....

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 12:17 PM

10 hrs ago

Jacson6

(1,871 posts)

9. President CHAOS strikes again. N/T

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 12:35 PM

10 hrs ago

ashredux

(2,909 posts)

10. He's like a small child who's told he cannot do something

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 12:38 PM

10 hrs ago

And of course, he has to go right out and do it to show you that he can do anything he wants…. And he’ll stamp his foot and yell at you.

Hope22

(4,598 posts)

12. He can't stop stealing from us. Nt

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 01:53 PM

9 hrs ago

generalbetrayus

(1,670 posts)

13. Don't worry, by Monday he will have reduced them 5,000 percent.

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 01:56 PM

9 hrs ago

LetMyPeopleVote

(177,634 posts)

14. Why Trump's Section 122 Tariffs Are Illegal

Reply to BumRushDaShow (Original post)

Sat Feb 21, 2026, 02:46 PM

8 hrs ago

trump's new replacement tariffs are illegal. These tariffs can only be used when there is a balance-of-payments deficit which is very different from a balance of trade deficit. Since the US is no longer on a currency fixed exchange rate there have not been any balance of payment deficits for a couple of decades. These tariffs will be challenged and trump will lose again

Fascinating National Review post on Trump's latest Tariff gambit. Archive link here (it's pay walled, please don't give them money lol)

archive.is/r4Xdf
— Rude Law Dog (@esghound.com) 2026-02-21T19:01:57.437Z

https://www.nationalreview.com/corner/trumps-section-122-tariffs-are-illegal/

In Section 122, Congress endowed the president with narrow, temporary authority to impose tariffs “to deal with large and serious United States balance-of-payments deficits” (emphasis added). What Trump is complaining about — something he insists is a crisis but is not — is the balance of trade, not of payments. The United States does not have an overall balance of payments deficit, much less a large and serious one.

A trade deficit between the U.S. and a foreign nation occurs, mainly in connection with goods (which is just one aspect of international commerce), when imports are greater than exports. This is not really a problem for a variety of reasons — e.g., a trade deficit results in an investment surplus, the U.S. is a major services economy and often runs exported services surpluses that mitigate the imports deficit in goods, etc.

The balance of payments is a broader concept than the balance of trade. It accounts for all the economic transactions that take place between the United States and the rest of the world. Even without getting into every kind of transaction that entails, suffice it to say that foreign investment in the United States, coupled with the advantages our nation accrues because the dollar is the world’s reserve currency, more than make up for the longstanding trade deficit in goods.

Our overall payments are in balance. There is no crisis.

It’s vital to understand why Section 122 was enacted. There was a financial crisis in the late 60s and early 70s under the Bretton Woods system, when the dollar was tied to gold. Foreign countries that held dollar reserves could exchange them for gold at a fixed rate. Meanwhile, our government was spending at a high clip due to the Vietnam War and Great Society programs. This and the obligation to pay out gold put enormous pressure on the dollar. In response, in 1971, President Nixon severed the dollar’s tie to gold and — as several justices recounted in Friday’s Learning Resources opinions — imposed a temporary 10 percent import surcharge (a tariff) to stabilize the economy......

There is no rationale under Section 122 to impose tariffs. Because President Trump has no unilateral authority to order tariffs, he must meet the preconditions of Section 122 to justify levying them. He cannot. Not even close.

Response to LetMyPeopleVote (Reply #14)

drray23 This message was self-deleted by its author.

twodogsbarking

(18,194 posts)

20. Reminds me of when The Three Stooges were in a leaking boat and drilled a hole to let the water out.