economy
February 20, 2026
SUPREME COURT MADE A DECISION, HE'S STILL DOING HIS OWN THING! Trump announced the introduction of global tariffs of 10 percent, and according to a new law
Trump announced that he will also use Article 301 of the same law to launch investigations to, as he stated, "protect America from unfair trade practices of other countries and companies."
TL;DR
- Trump announced the introduction of global tariffs of 10 percent.
- The tariffs are to be implemented based on Section 122 of the Trade Act of 1974.
- Trump will also use Section 301 of the same act to investigate unfair trade practices.
- He stated that these actions are intended to protect America from unfair trade practices.
- Trump believes that alternative measures will be used to replace those rejected by the court.
- He asserted that he does not need Congress's permission for these tariffs.
- Trump claimed the Supreme Court ruling 'further solidifies presidential powers in regulating trade and imposing tariffs'.
- He expressed disappointment with some Supreme Court justices but thanked those who voted in his favor.
- Trump claimed that tariffs he previously imposed helped end 'five out of eight wars'.
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