§  Trump New 10% Tariff 2026

§  Supreme Court Rejects Global Taxes – “Fools” Blast and Business Relief Amid Refund Hopes

§  Trump Slams Court as “Unpatriotic” – New Tariff Plan Under Section 122, Exemptions for Allies and Billions in Potential Refunds

§  Supreme Court rejects global taxes as “overstep” – Trump calls justices “fools,” exemptions for Canada/Mexico, billions refunds possible, full details and impacts

Diptota Dey, United States: US President Donald Trump fired back at the Supreme Court on February 21, 2026, calling their rejection of his global import taxes a “terrible” ruling by “fools,” and quickly rolled out a new 10% tariff on imports. The court said he overstepped powers, opening doors for billions in refunds to businesses. Trump vows to fight on, using other laws like Section 122 for the fresh duties. This “Trump new 10% tariff” shake-up has markets buzzing with stocks up 0.7% and reactions pouring in from allies like France.

·       President Trump slams SCOTUS 6-3 ruling blocking IEEPA global tariffs – immediately launches 10% universal duty via Section 122 effective Feb 24.
“Terrible decision by fools” – $130B collected, refunds uncertain.

·       Feb 20 White House Fury: Trump calls Roberts/Barrett/Gorsuch “disloyal lapdogs” after 6-3 smackdown – IEEPA emergency powers invalid for tariffs.
New Weapon: Section 122 (15% max, 150 days) hits all imports – USMCA exempts Mexico/Canada.
Markets Up 0.7% – businesses eye $130B refunds.

Details & Context

SCOTUS Breakdown (6-3)

·       Majority (Roberts): “Congress explicit on tariffs – IEEPA ‘regulate’ ≠ tax”

·       Trump Nominees Against: Barrett, Gorsuch

·       Dissent (Thomas/Kavanaugh/Alito): “Limits trade protection”

Tariff Timeline

·       2025 Liberation Day: Global hikes Mexico/China → all

·       Collected: $130B via IEEPA

·       New 10%: Exempt pharma/fertilizers/oranges – UK/India/EU deals overridden

Legal Alternatives: Section 232/301 steel/cars untouched.

The Supreme Court struck down most of Trump’s global tariffs from last year in a 6-3 decision, saying he misused the 1977 International Emergency Economic Powers Act (IEEPA). Those taxes hit goods from Mexico, Canada, China and dozens more, billed as “Liberation Day” moves to boost US jobs. Businesses and states sued, arguing no “emergency” justified them and Congress didn’t give tariff powers. Chief Justice John Roberts agreed, noting explicit limits in past laws.

Trump, speaking at the White House, promised no easy refunds – expect years of court fights. He signed a new proclamation under Section 122, slapping 10% duties on most imports starting February 24, 2026. Exemptions cover minerals, fertilizers oranges, beef, drugs, some electronics and vehicles. Canada and Mexico keep USMCA perks but UK, India, EU face the new rate despite old deals. White House says partners must stick to concessions. Trump hints at using Section 232 (security) or 301 (unfair trade) for more.

The old tariffs raked in $130 billion, now up for refunds via lawsuits from firms like Costco and Alcoa. Court of International Trade will handle processes.

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Quotes

·       Trump (Briefing)
“Terrible ruling by fools – deeply disappointing, unpatriotic. Great alternatives, stronger now.”

·       CJ Roberts
“No open-ended tariff power – Congress delegates explicitly.”

·       Newsom (X)
“Illegal cash grab – refund with interest.!” – Illinois demands $9B.

·       Donald Trump: “The ruling is terrible... They were just being fools and lap dogs, very unpatriotic and disloyal to our Constitution.”

·       Trump on new tariffs: “We have alternatives – great alternatives and we’ll be a lot stronger for it.”

·       Chief Justice John Roberts: “When Congress has delegated its tariff powers, it has done so in explicit terms and subject to strict limits.”

·       Justice Brett Kavanaugh (dissent): “The situation would be a mess.”

·       From X user @BBCBreaking (post on Feb 21, 2026): “Trump imposes new 10% global tariff after Supreme Court rejects previous ones – calls justices ‘fools’.”

Additional Information

Business Relief

·       Costco/Alcoa sue for refunds

·       CIT handles claims – “years of litigation” warns Trump

·       Global Reaction: EU analyzing, Macron praises checks/balances.

·       Exemptions: Minerals, ag (beef), electronics, vehicles – broad categories.

Fresh X research from February 21, 2026, shows “Trump new tariff Supreme Court” trending with 100+ posts, like @CNNPolitics (post ID 2023713648599069017, 5K views): “Trump slams SCOTUS as ‘fools’ – new 10% tariff hits allies.” User @Reuters (post ID 2023685055068114944, 10K views) shares economic fallout: “S&P up 0.7% on tariff relief.” Semantic search reveals trade war fears with @WSJ (post ID 2023663754941264376, 15K views): “Trump’s Section 122 tariff – exemptions for minerals but EU/UK hit.”

Web digs: BBC article (Feb 21) details ruling, noting Roberts’ opinion and Kavanaugh’s “mess” warning. NY Times (Feb 21) reports $130B collected, refunds via lawsuits from Bumble Bee, Alcoa. Reuters (Feb 21) on French President Macron: “Ruling shows checks and balances in democracies.” Bloomberg (Feb 21) analyzes Section 122: 150-day limit, Congress must act after. CNBC (Feb 21) quotes Diane Swonk: “Curb your enthusiasm on refunds – litigation costs high for small firms.” Latest: No refunds process yet but states like Illinois demand $9B.

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READ MORE: Rekha Gupta Delhi CM 1 Year Review: Blunders or Progress.? Pollution, Promises, Slapgate Exposed

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Impact Analysis

Revenue: Treasury expects stable 2026 collections.

Trump’s new 10% tariff 2026 reshapes trade – positives like stock jumps (S&P +0.7%) show business relief from old duties, potentially saving billions in refunds. But uncertainty looms with legal battles and new taxes on allies, risking higher prices for consumers (e.g., electronics, cars). Politically, Trump’s “fools” jab fires up his base but highlights court checks on power. Globally, EU/UK muted reactions hint at talks but China’s silence signals tension. Economically, small firms struggle with litigation, while big ones like Costco cheer. Socially, X debates rage on tariffs as “America first” vs “consumer hit” (e.g., @FoxBusiness post with 20K views on refund mess). Long-term, it could boost US manufacturing but spark retaliation, hurting exports.

Conclusion

Trump’s tariff pivot: SCOTUS blocks IEEPA – Section 122 10% fills gap Feb 24.
Refunds war + trade shakeup ahead.

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