After imposing a global tariff of 10 per cent following a stinging loss at the U.S. Supreme Court, President Donald Trump now says he's raising that rate an additional five per cent — though exemptions for CUSMA-compliant goods from Canada and Mexico still apply. On Friday, the U.S. Supreme Court struck down the tariffs Trump implemented using a 1977 law called the International Emergency Economic Powers Act (IEEPA). In response, the U.S. president turned to Section 122 of the U.S. Trade Act to impose the new global tariff. Trump said on social media Saturday morning that he's raising that tariff to 15 per cent after a "thorough, detailed, and complete review" of the court decision. The Supreme Court ruled only on the IEEPA tariffs.

Source: CBC News February 21, 2026 23:00 UTC