Trump Tariff News LIVE Updates: Trump raises tariffs to 15%, says it is ‘fully allowed, legally tested level’ - News Summed Up

Trump Tariff News LIVE Updates: Trump raises tariffs to 15%, says it is ‘fully allowed, legally tested level’


Speaking to ANI, Shailesh Haribhakti, a Chartered Accountant and Cost Accountant, anticipates "Massive litigation and refund claims". He highlighted that the ruling creates significant legal liability for the US government, as the previously collected differentiated tariffs may now be deemed illegal. "The Supreme Court has ruled that the president had no ability and no power and that it had to be done through the Constitution of the United States through the houses to levy differential tariffs on different countries... as of today, what this does is that the earlier levied differential tariffs can become subject of massive litigation and people will start claiming refunds of the tariffs that they've already paid. The US will have to figure out exactly how to deal with this very difficult situation," he said.


Source: Mint February 20, 2026 23:42 UTC



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