Yahoo Finance: On February 20, 2026, the Supreme Court (6-3) ruled that the administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs was unlawful. In response, the White House immediately invoked Section 122 of the Trade Act of 1974, imposing a 15% global surcharge on almost all imports to address "balance-of-payments" deficits.

    Countries that had preexisting trade agreements with the U.S. now find themselves facing more tariffs than before while countries that were hostile to Trump are seeing a reduction in tariffs.

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    Posted by SadOnion2110

    13 Comments

    1. Prudent-Corgi3793 on

      There are no winners in a trade war.

      Which is why we declared nearly 200 at the same time. 🇺🇸📉

    2. Technically that would be an argument in favour of Trump’s policy as he and his administration tried to argue in front of the Supreme Court.
      That is, if you believe that the countries on the right should be given a trading advantage over the one on the left.

    3. So countries that tried to appease Trump the most, are the biggest losers

      And the countries that held firm, are the winners

      Interesting

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