Trump just walked into a darkened Press Briefing Room and went around the Supreme Court by slappi...

💡Fun Facts

• 1The Supreme Court ruled on February 20, 2026 that Trump's previous tariffs under the International Emergency Economic Powers Act (IEEPA) were illegal in the case Learning Resources, Inc. v. Trump
• 2Trump announced a 10% universal tariff on February 20, then increased it to 15% on February 21, 2026, less than 24 hours later
• 3The new tariff strategy relies on Section 122 of the Trade Act of 1974, a 50-year-old statute that allows temporary import surcharges up to 15% for 150 days
• 4The 15% global tariff is actually lower than some sector-specific tariffs Trump had previously imposed before the Supreme Court ruling
• 5Certain goods including critical minerals, coinage metals, energy products, and specific vehicles are exempt from the temporary 150-day tariff period