Here’s a look at the extent to which the US top court constrained Trump’s powers, how this alternative tariff route will work, and why Trump turned to it. To be clear, the ruling specifically affects Trump’s IEEPA tariffs. These have already been deployed in the case of steel, aluminium, semiconductors and other products — and the Trump administration is looking to expand the list. The earlier 10% rate initially announced by Trump on Friday was baseline tariff under IEEPA, irrespective of a deal. Section 232 tariffs, however, remain, which includes 50% on steel & aluminium and 25% on certain auto components.

Source: Indian Express February 21, 2026 09:44 UTC