Yad Ali Swati

WASHINGTON, D.C. — In a swift and defiant response to a major judicial defeat, President Donald Trump announced on Saturday that he is raising a new global tariff on all imports to 15%, effective immediately. The move comes less than 24 hours after the U.S. Supreme Court struck down his previous, more expansive trade policy.
The Judicial Blow and the Executive PivotOn Friday, February 20, 2026, the Supreme Court ruled 6-3 in Learning Resources, Inc. v. Trump that the International Emergency Economic Powers Act (IEEPA)—the primary tool the administration used to overhaul U.S. trade in 2025—does not grant the President the authority to impose tariffs.
The ruling effectively dismantled a system that had seen average effective tariff rates climb as high as 16% to 27% over the last year. However, the President quickly pivoted to Section 122 of the Trade Act of 1974, a rarely used provision that allows for temporary import surcharges of up to 15% for 150 days to address "fundamental international payments problems."
Key Details of the New 15% Tariff
The administration's latest strategy aims to maintain the "America First" economic agenda while navigating the new legal constraints:
Global Scope: The 15% rate applies to nearly all countries, though the administration has indicated that certain "aligned partners" with existing trade deals may see different applications.​
Duration: Under Section 122, the 15% levy is limited to 150 days. To extend these tariffs beyond that period, the President will need to seek explicit approval from Congress.
Remaining Sectoral Tariffs: Importantly, the Supreme Court ruling did not affect industry-specific tariffs imposed under Section 232. Consequently, high duties remain on specific goods:
​Steel and Aluminum: 50%​Copper: 50%Economic and Global ImpactThe "customs chaos," as described by some European officials, has sent shockwaves through global markets. Analysts from the Tax Foundation and Yale’s Budget Lab are already weighing the potential fallout:Automobiles: 25%$BTC $ETH $BNB

The US-based Center for Strategic and International Studies (CSIS) has released an analysis warning that any attack on Iran could prompt Tehran to strike without restraint, potentially targeting all oil infrastructure across the Persian Gulf littoral countries.
Four Potential Scenarios for Disruption of Persian Gulf Oil Supply:
Disruption of Iran’s Oil Exports:
If the US or Israel attempts to block Iranian exports—by seizing tankers or blockading Kharg Island—global oil prices could surge by $10–$12 per barrel. Iran’s reaction would be highly unpredictable, posing serious risks for US allies.
Iran Blocking the Strait of Hormuz:
Using drones, missiles, and naval mines, Iran could halt the passage of up to 18 million barrels of oil. Shipping operators would likely withdraw from the region, triggering a sharp spike in global oil prices.
Attack on Iran’s Oil Facilities:
Striking Iran’s oil infrastructure could push prices above $100 per barrel. Such attacks would not only reduce supply long-term but also provoke a strong retaliatory response from Tehran.
Iran Attacking Regional Oil Facilities (Most Likely Scenario):
Iran could directly target the oil fields and export terminals of neighboring Persian Gulf countries. This would drive oil prices above $130 and effectively halt both oil and gas exports from the region.
Why Bypassing the Strait of Hormuz Isn’t Feasible:
The CSIS report highlights that alternative export routes are extremely limited:
Saudi Arabia: Less than 50% of its exports can be rerouted.
UAE: Some exports use the port of Fujairah, but roughly one-third would still be blocked if Hormuz is closed.
Iraq, Kuwait, Bahrain, and Qatar: They have no alternatives; exports would drop to zero.
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