Trump’s Plan B: A Global 10 Percent Tariff Within Days

2026-02-20 - 22:13

Key Points — Hours after the Supreme Court struck down his IEEPA tariffs, Trump announced an executive order imposing a blanket 10 percent global tariff under Section 122 of the Trade Act of 1974 — effective within days. — Section 122 caps duties at 15 percent and limits them to 150 days without congressional approval,