Trump tariffs live updates: US President Donald Trump delivered a broadside against US Supreme Court justices after they struck down the bulk of his sweeping global tariffs, delivering a major blow against his signature economic policy.
Trump tariffs live updates: The US Supreme Court on Friday struck down President Donald Trump’s sweeping global tariffs, dealing him a major setback. In response, Trump said he was “absolutely ashamed” of some justices who ruled 6-3 against him, calling them “disloyal to our Constitution” and “lapdogs.” After the ruling, Trump signed an executive order on Friday to impose a 10% worldwide tariff on foreign goods. He signed the order in the Oval Office and later wrote on social media that it was “effective almost immediately”.
Why did the US Supreme Court strike down Trump’s tariffs?
Trump had used a 1977 law, the International Emergency Economic Powers Act (IEEPA), to impose taxes on imported goods from nearly all trading partners without seeking the US Congress’s approval.
This covered allies from Canada to India, the latter facing a 50% tariff rate until recently, before a trade agreement reduced it to 25% for now and to 18% soon.
The US Constitution clearly gives Congress, not the president, the authority to impose taxes and tariffs. Chief Justice John Roberts wrote the majority opinion, saying the president had gone beyond his legal powers.
Roberts said that any “extraordinary assertion” of such authority requires “clear congressional authorisation”, which Trump did not have. The ruling ends the administration’s use of a law that has historically been meant for freezing assets or placing sanctions on adversaries, rather than for wide trade taxes.
What happens to India-US trade deal?
On the trade deal with India, Trump said that India will continue to pay the 18 per cent tariffs, despite the Supreme Court ruling to invalidate the reciprocal tariffs.
He said “nothing changes” when he was asked about the impact the ruling is going to make on the India-US trade deal.
Earlier this month, when the United States and India said they had agreed on a framework for an interim agreement on trade, Trump signed an executive order removing the 25 per cent punitive tariffs that had been imposed on India over its purchases of Russian oil.
The US president pointed to the “commitment” by New Delhi to stop directly or indirectly importing energy from Moscow and instead buy American energy products. Under the deal, Washington will apply a lower reciprocal tariff on New Delhi, cutting it from 25 per cent to 18 per cent.
Trump announces new 10% global tariff
Trump signed an executive order on Friday imposing a 10% global tariff on foreign goods, acting quickly to keep his trade plans in place after the US Supreme Court struck down many of the levies he had introduced last year.
“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter!” Trump wrote in a social media post.
The tariff is due to take effect on February 24 at 12:01am Washington time, according to a fact sheet issued by the White House.
Trump’s treasury secretary, Scott Bessent, said the new 10% duties and possible higher tariffs under the Section 301 unfair practices law and the Section 232 national security law would lead to almost no change in tariff revenue in 2026.
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Why did the US Supreme Court strike down Trump’s tariffs?
Trump had used a 1977 law, the International Emergency Economic Powers Act (IEEPA), to impose taxes on imported goods from nearly all trading partners without seeking the US Congress’s approval.
This covered allies from Canada to India, the latter facing a 50% tariff rate until recently, before a trade agreement reduced it to 25% for now and to 18% soon.
The US Constitution clearly gives Congress, not the president, the authority to impose taxes and tariffs. Chief Justice John Roberts wrote the majority opinion, saying the president had gone beyond his legal powers.
Roberts said that any “extraordinary assertion” of such authority requires “clear congressional authorisation”, which Trump did not have. The ruling ends the administration’s use of a law that has historically been meant for freezing assets or placing sanctions on adversaries, rather than for wide trade taxes.
What happens to India-US trade deal?
On the trade deal with India, Trump said that India will continue to pay the 18 per cent tariffs, despite the Supreme Court ruling to invalidate the reciprocal tariffs.
He said “nothing changes” when he was asked about the impact the ruling is going to make on the India-US trade deal.
Earlier this month, when the United States and India said they had agreed on a framework for an interim agreement on trade, Trump signed an executive order removing the 25 per cent punitive tariffs that had been imposed on India over its purchases of Russian oil.
The US president pointed to the “commitment” by New Delhi to stop directly or indirectly importing energy from Moscow and instead buy American energy products. Under the deal, Washington will apply a lower reciprocal tariff on New Delhi, cutting it from 25 per cent to 18 per cent.
Trump announces new 10% global tariff
Trump signed an executive order on Friday imposing a 10% global tariff on foreign goods, acting quickly to keep his trade plans in place after the US Supreme Court struck down many of the levies he had introduced last year.
“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter!” Trump wrote in a social media post.
The tariff is due to take effect on February 24 at 12:01am Washington time, according to a fact sheet issued by the White House.
Trump’s treasury secretary, Scott Bessent, said the new 10% duties and possible higher tariffs under the Section 301 unfair practices law and the Section 232 national security law would lead to almost no change in tariff revenue in 2026.
Follow all the updates here:
Feb 21, 2026 7:29:21 AM IST
Trump tariffs live updates: What is Section 122? Trump announces new 10% global tariff
Trump tariffs live updates: The never-used Section 122 authority allows the president to impose duties of up to 15% for as long as 150 days on any or all countries to deal with “large and serious” balance of payments problems.
It does not require investigations or other procedural steps. After 150 days, Congress would have to approve any extension.
“We have alternatives, great alternatives,” Trump said. “Could be more money. We’ll take in more money and we’ll be a lot stronger for it,” Trump said while speaking about the alternative options.
The 10% tariff order cited the Section 122 law as its basis, saying the United States had a “large and serious balance of payments deficit” and that the situation was worsening.
Feb 21, 2026 7:22:43 AM IST
Trump tariffs live updates: Trump says ‘nothing changes’ to India trade deal
Trump tariffs live updates: Following the US Supreme Court’s ruling on tariffs, Trump said the trade deal with India remains unchanged and stressed that the “India deal is on”.
“I think my relationship with India is fantastic and we’re doing trade with India. India pulled out of Russia. India was getting its oil from Russia. And they pulled way back at my request, because we want to settle that horrible war where 25,000 people are dying every month,” Trump said at a news conference on Friday at the White House, hours after the US Supreme Court decision that struck down his wide-ranging tariffs.
He said his relationship with Prime Minister Narendra Modi “is, I would say, great.”
Trump then repeated his claim that he stopped the war between India and Pakistan last summer using tariffs.
Feb 21, 2026 7:17:34 AM IST
Trump tariffs live updates: US VP JD Vance reacts to SC ruling, calls it ‘lawlessness’
Trump tariffs live updates: US vice president JD Vance criticised the Supreme Court’s 6-3 ruling that said the Trump administration went beyond its legal authority by using the International Emergency Economic Powers Act of 1977 to impose wide-ranging import tariffs.
In a post on X, Vance said the court’s decision was “lawlessness from courts” and would make it more difficult for President Trump to protect American industries.
“Today, the Supreme Court decided that Congress, despite giving the president the ability to “regulate imports”, didn’t actually mean it. This is lawlessness from the Court, plain and simple. And its only effect will be to make it harder for the president to protect American industries and supply chain resiliency,” he said.
Feb 21, 2026 7:07:53 AM IST
Trump tariffs live updates: Now, Trump announces new 10% global tariff
Trump tariffs live updates: US President Donald Trump rushed on Friday to replace tariffs struck down by the Supreme Court, announcing a temporary 10% global import duty for 150 days and directing fresh investigations under other laws that could let him reintroduce the tariffs.
Trump signed executive orders late on Friday to bring in the new tariffs starting Tuesday under Section 122 of the Trade Act of 1974. These partly replace duties ranging from 10% to 50% imposed under the 1977 International Emergency Economic Powers Act that the top court declared illegal, and they end the collection of the now-banned levies.
Feb 21, 2026 7:01:18 AM IST
Trump tariffs live updates: Will tariffs revenue be refunded after landmark SC ruling?
Trump tariffs live updates: The US Supreme Court’s ruling could place about $175 billion in tariff revenue collected over the past year at risk of possible refunds, Reuters reported citing economists from the Penn-Wharton Budget Model.
When asked if he would return the IEEPA duties, Trump said the issue would likely be fought in court for two to five years, suggesting that any quick or automatic refund process was unlikely.
Speaking in Dallas, Bessent told business leaders that since the Supreme Court did not give any direction on refunds, those were “in dispute,” adding: “My sense is that could be dragged out for weeks, months, years.”
Feb 21, 2026 6:52:52 AM IST
Trump tariffs live updates: What did the US Supreme Court say in its ruling?
Trump tariffs live updates: Trump relied on the 1977 International Emergency Economic Powers Act, or IEEPA, to justify a sweeping round of tariffs, even though the law does not mention tariffs at all.
IEEPA allows a president to freeze assets and block financial dealings during a national emergency. It was first used during the Iran hostage crisis and has since been applied in situations of global unrest, from the 9/11 attacks to the Syrian civil war.
“The fact that no President has ever found such power in IEEPA is strong evidence that it does not exist,” Chief Justice John Roberts wrote for the majority.
In their opinion, the justices said the Constitution “very clearly” gives Congress, not the president, the authority to impose taxes, including tariffs.
Feb 21, 2026 6:49:38 AM IST
Trump tariffs live updates: ‘Unpatriotic’ and ‘disloyal’, how US President reacted to SC’s ruling
Trump tariffs live updates: Trump strongly criticised the ruling, calling those who sided with the majority “unpatriotic” and “disloyal,” and a “disgrace to our nation.”
“Foreign countries that have been ripping us off for years are ecstatic. They’re so happy. And they’re dancing in the streets,” Trump said. “But they won’t be dancing for long.”
Trump said he would push ahead with his plans, stating that “there are methods, practices, statutes and authorities” that “are even stronger than the IEEPA tariffs.” Among his pledges on Friday was signing an executive order to bring in a new 10% global tariff to replace the overturned levies.
Feb 21, 2026 6:46:25 AM IST
Trump tariffs live updates: What happens to India-US trade deal?
Trump tariffs live updates: US President Donald Trump said India will continue to pay the 18 per cent tariffs despite the Supreme Court ruling that struck down the reciprocal tariffs.
Trump, who described the court’s decision as “deeply disappointing”, said “nothing changes,” while replying to a question about how the ruling could affect the India-US trade deal.
“Nothing changes. They’ll be paying tariffs, and we will not be paying tariffs. This is a reversal of what used to be. PM Modi is a great gentelman a great man. He was much smarter than the people he was against. In terms of the US, He was ripping us off. So we made a deal with India. A fair deal now. We are not paying tariffs to them, and they are. We did a little flip,” Trump told news agency ANI.
Feb 21, 2026 6:39:41 AM IST
Trump tariffs live updates: US Supreme Court axes Trump’s tariffs
Trump tariffs live updates: The US Supreme Court on Friday struck down Donald Trump’s global tariffs while the US president said he would bring in a new global10% tariff under a law limited to 150 days that has never previously been used to impose tariffs.
The ruling said the tariffs Trump introduced using an emergency powers law were unconstitutional, including the “reciprocal” tariffs he placed on almost every other country.
