Incensed Trump raises tariffs from 10 per cent to 15 per cent causing more trade turmoil

2026-02-21 - 18:53

President Trump escalated global tariffs to 15% following a Supreme Court rebuff, citing Section 122 of the Trade Act to address balance-of-payments deficits. This move, driven by pique, is expected to disrupt global trade and faces potential legal challenges due to inconsistent trade balances with various nations.