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Trump brings in new 10% tariff as Supreme Court rejects his global import taxes

Published

3 months ago

2026/02/21

Priyan

US President Donald Trump has imposed a new 10% global tariff to replace ones struck down by the Supreme Court, calling the ruling “terrible” and lambasting the justices who rejected his trade policy as “fools”.

The president unveiled the plan shortly after the justices outlawed most of the global tariffs the White House announced last year.

In a 6-3 decision, the court held that the president had overstepped his powers.

The decision was a major victory for businesses and US states that had challenged the duties, opening the door to potentially billions of dollars in tariff refunds, while also injecting new uncertainty into the global trade landscape.

Speaking from the White House on Friday, Trump indicated that refunds would not come without a legal battle, saying he expected the matter to be tied up in court for years.

He also said he would turn to other laws to press ahead with his tariffs, which he has argued encourage investment and manufacturing in the US.

“We have alternatives – great alternatives and we’ll be a lot stronger for it,” he said.

The court battle was focused on import taxes that Trump unveiled last year on goods from nearly every country in the world.

The tariffs initially targeted Mexico, Canada and China, before expanding dramatically to dozens of trade partners on what the president billed as “Liberation Day” last April.

The White House had cited a 1977 law, the International Emergency Economic Powers Act (IEEPA), which gives the president power to “regulate” trade in response to an emergency.

But the measures sparked outcry at home and abroad from firms facing an abrupt rise in taxes on shipments entering the US, and fuelled worries that the levies would lead to higher prices.

Arguing before the court last year, lawyers for the challenging states and small businesses said that the law used by the president to impose the levies made no mention of the word “tariffs”.

They said that Congress did not intend to hand off its power to tax or give the president an “open-ended power to junk” other existing trade deals and tariff rules.

In his opinion, Chief Justice John Roberts, a conservative, sided with that view.

“When Congress has delegated its tariff powers, it has done so in explicit terms and subject to strict limits,” he wrote.

“Had Congress intended to convey the distinct and extraordinary power to impose tariffs, it would have done so expressly, as it consistently has in other tariff statutes.”

The decision to strike down the tariffs was joined by the court’s three liberal justices, as well as two justices nominated by Trump: Amy Coney Barrett and Neil Gorsuch.

Three conservative justices, Clarence Thomas, Brett Kavanaugh and Samuel Alito, dissented.

At the White House, Trump said he was “absolutely ashamed” of the Republican appointees on the court who voted against his trade policy.

He said they were “just being fools and lap dogs” and were “very unpatriotic and disloyal to our Constitution”.

Shares on Wall Street rose after the announcement, with the S&P 500 closing up about 0.7%, as businesses across the US cautiously welcomed the ruling.

“I feel… like a thousand-pound weight has been lifted off my chest,” said Beth Benike, the owner of Busy Baby products in Minnesota, which manufactures products in China.

Nik Holm, chief executive of Terry Precision Cycling, one of the small businesses involved in the case, called the ruling a “relief”.

“Though it will be many months before our supply chain is back up and running as normal, we look forward to the government’s refund of these improperly-collected duties,” he said.

The anticipated refunds and relief from tariff costs may prove elusive, however.

On Friday, Trump imposed the new 10% tariff under a never-used law known as Section 122, which gives the power to put in place tariffs up to 15% for 150 days, at which point Congress must step in.

Analysts expect the White House to consider other tools, such as Section 232 and Section 301, which allow import taxes to address national security risks and unfair trade practices.

Trump has previously used those tools for tariffs, including some announced last year on sectors such as steel, aluminium and cars. Those were untouched by the court ruling.

A White House official said countries that struck trade deals with the US, including the UK, India and the EU, will now face the global 10% tariff under Section 122 rather than the tariff rate they had previously negotiated.

The Trump administration expects those countries to keep abiding by the concessions they had agreed to under the trade deals, the official added.

“Things have only gotten more complicated and more messy today,” said Geoffrey Gertz, senior fellow at the Center for a New American Security in Washington.

Reaction by major trade partners was relatively muted.

“We take note of the ruling by the U.S. Supreme Court and are analysing it carefully,” European Commission spokesman Olof Gill wrote on social media.

The US has already collected at least $130bn in tariffs using the IEEPA law, according to the most recent government data.

In recent weeks, hundreds of firms, including retailer Costco, aluminium giant Alcoa and food importers like tuna fish brand Bumble Bee, have filed lawsuits contesting the tariffs, in a bid to get in line for a refund.

But the decision by the majority does not directly mention refunds, likely handing back the question of how that process might work to the Court of International Trade.

In his dissent, Justice Brett Kavanaugh warned the situation would be a “mess”.

Diane Swonk, chief economist at KPMG US, warned that the cost of litigation could make recouping funds difficult for smaller firms.

“Unfortunately, I’d say curb your enthusiasm, although I understand the desire for relief,” she said.

Steve Becker, head of the law firm Pillsbury, said the “best thing” for businesses would be if the government created a procedure that did not require filing a lawsuit.

[BBC]

“I think companies can be fairly confident that they’ll get their money back eventually,” he added. “How long it will take really is up to the government.”

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Landslide Early Warnings issued to the Districts of Colombo,Gampaha, Kalutara, Kegalle, Nuwara Eliya and Ratnapura

Published

4 mins ago

2026/05/24

Priyan

The National Building Research Organisation [NBRO] has issued landslide early warnings to the Districts of Colombo, Gampaha, Kalutara, Kegalle, Nuwara Eliya and Ratnapura effective from 1700 hrs today [24th May 2026] to 1700 hrs on Monday [25th May 2026].

Accordingly,
LEVEL II [AMBER] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Dehiowita, Deraniyagala, Ruwanwella and Yatiyanthota in the Kegalle district and Kuruwita, Ratnapura, Ayagama and Eheliyagoda in the Ratnapura district.

LEVEL I [YELLOW] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Seethawaka and Padukka in the Colombo district, Attanagalla in the Gampaha district, Palindanuwara, Mathugama, Bulathsinhala, Agalawatta, Ingiriya and Horana in the Kalutara district, Bulathkohupitiya in the Kegalle district, Ambagamuwa in the Nuwara Eliya district and Kiriella, Pelmadulla, Nivithigala, Elapatha and Kalawana in the Ratnapura district.

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Suspect killed after shooting at Secret Service agents, officials confirm

Published

10 hours ago

2026/05/24

Priyan

A person has been shot and killed after they opened fire outside the White House, the US Secret Service has confirmed.

Here is their statement in full:

Shortly after 6 p.m Saturday an individual in the area on 17th street and Pennsylvania Avenue pulled a weapon from his bag and began firing.

Secret Service police returned fire striking the suspect who was transported to an area hospital where he was pronounced deceased. During the shooting one bystander was also struck by gunfire.

No injuries were sustained by officers. The President was in the White House during the incident, however no protectees or operations were impacted.

This incident remains under investigation and additional information will be released as it becomes available.

Suspect identified, had previous ‘run-in’ with Secret Service – CBSpublished at 07:45

The deceased suspect in the shooting outside the White House has been identified as 21-year-old Nasire Best, a person familiar with the investigation has told BBC’s US media partner CBS.

The source said that the suspect had already been arrested by the US Secret Service in July 2025 after he tried to gain entry to the White House, and he was sent to a psychiatric ward for mental health issues in the aftermath.

(BBC)

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Trump says Iran deal ‘largely negotiated’ including reopening Strait of Hormuz

Published

11 hours ago

2026/05/24

Priyan

(Pic BBC)

US President Donald Trump says an agreement with Iran has been “largely negotiated” and details will be announced soon.

The deal would include the reopening of the Strait of Hormuz, he said on Saturday, without giving further details.

Iranian foreign ministry spokesman Esmaeil Baqaei earlier told state television that US and Iranian positions had been converging in the last week, but warned that did not mean agreements would be reached on key issues and accused the Americans of “contradictory statements”.

On social media, Trump said he had a “very good call” with the leaders of Saudi Arabia, the United Arab Emirates, Qatar, and others about a “Memorandum of Understanding pertaining to PEACE”.

“An agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries, as listed,” Trump said.

“Final aspects and details of the deal are currently being discussed, and will be announced shortly.”

He also said he had a call on Saturday with Israeli Prime Minister Benjamin Netanyahu, which “went very well”.

The president has not given any further details on the deal, but has insisted any agreement would “absolutely” prevent Iran from obtaining a nuclear weapon.

Later, Pakistan’s Prime Minister Shehbaz Sharif said: “I congratulate President Donald Trump on his extraordinary efforts to pursue peace,” and said the phone call had been “very useful and productive”.

Pakistan has been helping to negotiate a peace deal serving as an intermediary.

“We hope to host the next round of talks very soon,” he wrote in the statement on X.

The US and Israel launched wide-ranging strikes on Iran on 28 February, sparking conflict across the Middle East. Iran responded by launching attacks on Israel and US-allied states in the Gulf.

A ceasefire in Iran was agreed in early April, and since then Washington and Tehran have engaged in talks over a long-term peace deal.

(BBC)