The Tariff Talk

[SteelSaving]

That's not how executive orders work...

I suppose he could say the federal government will now pay a tariff on all procurements but that doesn't seem very productive.

 

[James48843]

And….bang! After the Supreme Court declares his tariffs on a whim are illegal- he issues a new executive order, declaring he’s invoking a NEW 10% import tariff on…almost everything from everywhere. To reduce the trade deficit. (Somebody should tell him his trade deficits went UP after he imposed tariffs…)

New 10% order:

Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION The United States plays a pivotal role in shaping the global economy. At the same time, Every child deserves a safe and nurturing home where they can learn, grow, and reach their full potential. Adoption makes that possible by...

www.whitehouse.gov

 

[James48843]

Update - He changed his mind. It won’t be 10% new tariffs.

HE DECIDED ON 15% instead.

Trump to hike global tariffs to 15% from 10%, 'effective immediately'​

Last edited Sat Feb 21, 2026, 12:31 PM

Source: CNBC

Published Sat, Feb 21 2026 11:23 AM EST Updated 13 Min Ago


President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his “reciprocal” tariffs. The new tariffs will be “effective immediately,” Trump said in a Truth Social post.

“I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” he wrote.

In his social media post, Trump also warned that additional tariffs would follow. “During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs,” he wrote.

While Trump’s announcement claimed that the new tariffs will take effect without delay, it is unclear if any official documents have been signed detailing the timing. A White House fact sheet issued Friday said the original 10% tariffs would go into effect on Tuesday, Feb. 24, at 12:01 a.m. ET. The White House did not immediately respond to a CNBC request for comment.

Read more: https://www.cnbc.com/2026/02/21/trump-tariffs.html

 

[SteelSaving]

Starting to head toward a constitutional crisis.

 

[JTH]

Starting to head toward a constitutional crisis.

On many viewpoint I agree and perhaps we are already far past this point, but at the same time, it's Congress which has refused to flex it's right of refusal. Unless extended, those Section 122 Tariffs expire 24-Jul-2026. Once again proving everything this administration does is short-sighted tactical without any long-term strategic planning. Frankly we should stop calling it a Tariff and call it what it is, a Tax on consumers. And no, foreign governments aren't eating the bulk of that cost, we are.