#TrumpNewTariffs The trade landscape just hit a massive speed bump. 🚧
On February 20, 2026, the Supreme Court delivered a major blow to the administration, ruling 6-3 that the President cannot use the International Emergency Economic Powers Act (IEEPA) to bypass Congress and unilaterally impose sweeping tariffs.
In a swift and characteristic "Plan B," the President immediately signed a new executive order under Section 122 of the Trade Act of 1974. This imposes a 15% global tariff—the maximum allowed by that law—aimed at addressing balance-of-payments deficits.
The Key Takeaways:
Legal Limits: These new Section 122 tariffs are temporary, expiring in 150 days unless Congress votes to extend them.
Economic Impact: While IEEPA tariffs were struck down, analysts estimate the new 15% levy could still cost the average U.S. household roughly $1,000 annually if it remains in place.
Global Reaction: Markets are bracing for a fresh round of retaliatory measures from major partners like Canada, Mexico, and the EU.
The "Trade War 2.0" continues, but the battlefield has shifted from executive decree to a looming showdown in Congress. #TrumpNewTariffs #GlobalTrade #Economy2026
