Business & Economics

After Supreme Court Nixes 1977 Tariff Authority, Trump Hits World Imports With 15% Levy and Beijing Calls for Reversal

A 6–3 U.S. Supreme Court ruling on 20 Feb 2026 stripped President Trump of the legal basis for his country-specific tariffs, but within 48 hours he invoked an untested Section 122 power to slap a temporary 15 % duty on all imports starting 24 Feb, drawing an immediate demand from China to scrap the measures.