Trump's New Tariff Threat Could Upend Global Trade Again. Here's What You Need To Know

President Donald Trump, right, joined by Solicitor General John Sauer, as Trump speaks with reporters in the James Brady Press Briefing Room at the White House, Friday, Feb. 20, 2026, in Washington.

Donald Trump has threatened to turn international trade upside again by announcing plans to slap 15% tariffs on all foreign goods imported to the US.

The sudden announcement came after the US Supreme Court scrapped Trump’s previous 10% levy, saying he did not have authority to impose such a sweeping rule.