#TrumpAnnouncesNewTariffs Trump’s Section 122 Tariffs – Market & Crypto
TL;DR: After the U.S. Supreme Court (Feb 20, 2026) struck down broad IEEPA tariffs, President Donald J. Trump invoked Section 122 of the Trade Act of 1974, imposing a temporary 10% global import duty (effective Feb 24). Exemptions include USMCA goods, food, critical minerals, certain pharmaceuticals, electronics, and items under existing Section 232/301 tariffs. Trump signaled a potential 15% increase via Truth Social, but only 10% is currently enforced.
Explanation: The Supreme Court blocked the previous emergency tarif