TLDRFollowing a Supreme Court ruling against his initial tariffs, President Donald Trump announced an increase to a 15% global tariff rate, utilizing a different legal provision. Exemptions for CUSMA-compliant goods from Canada and Mexico remain in place. The new tariffs, imposed under Section 122 of the U.S. Trade Act, can only be in effect for 150 days unless Congress approves an extension.

Source: CBC News February 21, 2026 20:07 UTC