Donald ‌Trump ​on Friday ordered an immediate 10% per cent tariff on all imports, ⁠in addition ​to any existing tariffs. In a social media post on Saturday, Trump said he would use the 150-day period to work on issuing other “legally permissible” tariffs. The Section 122 tariffs include exemptions for ⁠certain products, including critical minerals, metals and energy products, according to ⁠the White House. After the court’s decision, Trump’s trade representative, Jamieson Greer, told Fox News on Friday that ‌those countries must honour tariff agreements. The ‌ruling could spell good news for countries like Brazil, which has not negotiated a deal with Washington to lower its 40 per cent tariff rate but could now see its ​tariff rate drop to 15 per cent, at least temporarily.

Source: The Irish Times February 21, 2026 21:38 UTC