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Trump Calls Supreme Court 'Unfortunate,' Then Hits Economy with ‘Better’ 10% Global Tariff

KEY POINTS

  • President Trump called the Supreme Court's strike-down of his 2025 IEEPA tariffs 'unfortunate' during his February 2026 State of the Union address.
  • After the ruling, he signed an executive order imposing a 10% 'global tariff' under a different law that requires congressional approval after 150 days.
  • Despite $129 billion in tariffs collected causing legal challenges from companies including FedEx, Trump claimed consumer confidence remains resilient and no new trade deals are needed.

In a performance worthy of an economic soap opera, President Donald Trump declared the Supreme Court's February 2026 knockdown of his 2025 IEEPA tariffs 'unfortunate' during his State of the Union. Never one for subtlety, Trump unveiled a 10% 'global tariff' executive order under the 1974 Trade Act's Section 122 a few days after the ruling, promising it's 'more complex' but 'probably better.' Meanwhile, $129 billion in tariffs already collected sends companies like FedEx scrambling to the Court of International Trade for refunds. Consumer confidence meanwhile nose-dived over 12% since last February, with a Federal Reserve report confirming 90% of tariff pain is on U.S. consumers and firms. Despite this, Trump insisted no new deals were needed because foreign countries are 'happy,' proving reality and narrative need never intersect.

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Source: Businessinsider | Published: 2/25/2026 | Author: Katherine Li