President Donald Trump said on Saturday (February 21, 2026) that he was raising the global tariff he wants to impose to 15%, up from 10% he had announced a day earlier. Read | India now faces lower tariff rate of 10% with Trump’s proclamation on new levies after U.S. Supreme Court verdictMr. Trump said in a social media post that he was making the decision “Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday,” by the U.S. Supreme Court. After the court ruled he didn’t have the emergency power to impose many sweeping tariffs, Mr. Trump signed an executive order on Friday night (February 21, 2026) that enabled him to bypass Congress and impose a 10% tax on imports from around the world. The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively.

Source: The Hindu February 21, 2026 18:57 UTC