Financial Trade Freedom - Investing and Stock News
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
No Result
View All Result
Financial Trade Freedom - Investing and Stock News
No Result
View All Result
Home News

Trump announces 10% global tariff, criticizes Supreme Court justices

admin by admin
February 20, 2026
in News
0
Trump announces 10% global tariff, criticizes Supreme Court justices
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

President Donald Trump slammed the Supreme Court’s 6-3 decision that ruled he does not have the authority to levy sweeping tariffs under a specific emergency powers law, noting he will pursue ‘alternatives’ to tariffs under emergency law.

‘Other alternatives will now be used to replace the ones that the court incorrectly rejected,’ Trump said during a White House press briefing Friday afternoon. ‘We have alternatives. Great alternatives. Could be more money. We’ll take in more money, and we’ll be a lot stronger for it. We’re taking in hundreds of billions of dollars. We’ll continue to do so.’

The president also announced he is imposing a 10% ‘global tariff’ following the court’s decision.

‘Today I will sign an order to impose a 10% global tariff under section 122 over and above our normal tariffs already being charged,’ Trump said. ‘And we’re also initiating several section 301 and other investigations to protect our country from unfair trading practices of other countries and companies.’

The high court blocked Trump’s tariffs levied under the International Emergency Economic Powers Act in what amounts to a major test of executive branch authority. 

Trump called the ruling ‘deeply disappointing,’ saying he was ‘ashamed’ of certain members of the court.

‘I’m ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what’s right for our country,’ the president said. ‘In actuality, I was very modest in my ask of other countries and businesses because… I wanted to be very well-behaved.

‘I didn’t want to do anything that would affect the decision of the court, because I understand the court. I understand how they are very easily swayed. I want to be a good boy. I have very effectively utilized tariffs over the past year to make America great again,’ he said.

A source outside the Trump administration told Fox News that an aide came into the closed-door White House breakfast with governors earlier Friday and handed Trump a note about the Supreme Court ruling.

The source said Trump ‘called it a disgrace, and then he went on with the remarks.’

Some of the Supreme Court’s nine justices will likely be sitting in the audience when the president delivers the State of the Union address on Tuesday.

‘The Democrats on the court are thrilled, but they will automatically vote no,’ Trump said during the news conference. ‘They also are a, frankly, disgrace to our nation… They’re very unpatriotic and disloyal to our Constitution. It’s my opinion that the court has been swayed by foreign interests and a political movement that is far smaller than people would ever think.’

In the opinion, the high court declared, ‘Our task today is to decide only whether the power to ‘regulate… importation,’ as granted to the President in IEEPA, embraces the power to impose tariffs. It does not.’

Trump has made tariffs a key plank of his economic agenda since retaking the Oval Office last year, but his policies have not come without controversy.

Republican reaction to the ruling has been mixed.

Rep. Buddy Carter, R-Ga., slammed the high court’s decision.

‘The Supreme Court just undercut the President’s ability to defend American workers. President Donald Trump was elected to fight unfair trade and stop the United States from being ripped off. I’m outraged by this decision; it’s clearly judicial overreach,’ Carter asserted in a post on X.

But Sen. Rand Paul, R-Ky., welcomed the ruling.

‘In defense of our Republic, the Supreme Court struck down using emergency powers to enact taxes. This ruling will also prevent a future President such as AOC from using emergency powers to enact socialism,’ Paul noted in a post on X.

Rep. Don Bacon, R-Neb., also hailed the decision.

‘The Constitution’s checks and balances still work. Article One gives tariff authority to Congress. This was a common-sense and straightforward ruling by the Supreme Court. I feel vindicated as I’ve been saying this for the last 12 months. In the future, Congress should defend its own authorities and not rely on the Supreme Court. Besides the Constitutional concerns I had on the Administration’s broad-based tariffs, I also do not think tariffs are smart economic policy. Broad-based tariffs are bad economics,’ Bacon wrote in a post on X.

House Speaker Mike Johnson, R-La., said Congress and the administration will determine the ‘best path forward’ in the coming weeks.

‘No one can deny that the President’s use of tariffs has brought in billions of dollars and created immense leverage for America’s trade strategy and for securing strong, reciprocal America-first trade agreements with countries that had been taking advantage of American workers for decades,’ Johnson wrote in an X post.

This is a developing story. Please check back for updates.

This post appeared first on FOX NEWS

Previous Post

Supreme Court kills Trump’s ‘Liberation Day’ tariffs — but 4 other laws could resurrect them

Next Post

Republicans shred ‘nonsense’ Dem claims against Trump-backed voter ID bill

Next Post
Republicans shred ‘nonsense’ Dem claims against Trump-backed voter ID bill

Republicans shred ‘nonsense’ Dem claims against Trump-backed voter ID bill

  • Trending
  • Comments
  • Latest
Gold near $5,000/oz: physical vs. paper- what’s the smarter buy?

Gold near $5,000/oz: physical vs. paper- what’s the smarter buy?

January 24, 2026
Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

December 3, 2025
Pop Mart share price jumps after buyback, but H&S pattern points to a retreat

Pop Mart share price jumps after buyback, but H&S pattern points to a retreat

January 20, 2026
Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

December 3, 2025
In the Money: Definition, Call & Put Options, and Example

In the Money: Definition, Call & Put Options, and Example

0
Shopify says a daylong Cyber Monday outage has been resolved

Shopify says a daylong Cyber Monday outage has been resolved

0
Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

0
Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

0
In the Money: Definition, Call & Put Options, and Example

In the Money: Definition, Call & Put Options, and Example

February 20, 2026
Ex-Victoria’s Secret CEO’s lawyer caught on hot mic jokingly threatening to ‘kill’ him at Epstein deposition

Ex-Victoria’s Secret CEO’s lawyer caught on hot mic jokingly threatening to ‘kill’ him at Epstein deposition

February 20, 2026
I need an expensive asthma drug to live. Trump’s RX plan helped me and many others

I need an expensive asthma drug to live. Trump’s RX plan helped me and many others

February 20, 2026
Trump says he is ‘considering’ a limited military strike to pressure Iran into nuclear deal

Trump says he is ‘considering’ a limited military strike to pressure Iran into nuclear deal

February 20, 2026

    Get Smarter with Your Money – Sign Up for Free Financial Tips!


    Join our community of savvy savers and investors! By signing up, you'll receive weekly emails packed with personalized financial tips, budgeting hacks, and investment strategies tailored to your income level. Take control of your finances today – it’s free and only takes a minute!

    Recent News

    In the Money: Definition, Call & Put Options, and Example

    In the Money: Definition, Call & Put Options, and Example

    February 20, 2026
    Ex-Victoria’s Secret CEO’s lawyer caught on hot mic jokingly threatening to ‘kill’ him at Epstein deposition

    Ex-Victoria’s Secret CEO’s lawyer caught on hot mic jokingly threatening to ‘kill’ him at Epstein deposition

    February 20, 2026
    I need an expensive asthma drug to live. Trump’s RX plan helped me and many others

    I need an expensive asthma drug to live. Trump’s RX plan helped me and many others

    February 20, 2026
    Trump says he is ‘considering’ a limited military strike to pressure Iran into nuclear deal

    Trump says he is ‘considering’ a limited military strike to pressure Iran into nuclear deal

    February 20, 2026
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Investing and Stock News
    • Privacy Policy
    • Terms and Conditions
    • Thank you

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved