Trump 2.0: The Tariff Game Isn’t Over The Supreme Court halts global tariffs — but Trump strikes back instantly! Old tariffs are gone, new ones arrive: a fresh 10% global tariff kicks in on February 24, 2026. How much will this hit our wallets? Stay tuned
February 20, 2026: Global Tax (Aggressive TAX) Suspended, But the Game Isn’t Over
― This is only “halftime.” President Donald Trump adjusts his strategy, and the world now watches for the impact on the economy, currencies, stock markets, and precious metals.
Article BY SO OK TRADING
U.S. Supreme Court Ruling (February 20, 2026)
Decision: By a 6–3 vote, the Court ruled that using the IEEPA law to impose permanent tariffs exceeded presidential authority.
Result: Comprehensive Global Tariffs were struck down.
Impact: The U.S. government may have to refund $160–175 billion in tariffs already collected → a “powerful stimulus” flowing back into corporations and the stock market.
Immediate Effect
U.S. Dollar weakened: Markets eased concerns over inflation and trade wars.
⚡ Trump’s “Countermove” — New 10% Tariff
Legal Basis: Section 122 of the Trade Act of 1974
Measure: 10% tariff on global imports
Effective: February 24, 2026, at 00:01, valid for up to 150 days (extension requires Congress approval)
Exceptions: Canada and Mexico (under USMCA), plus certain goods such as pharmaceuticals, beef, and some car models
Impact: Major trading partners including the EU, UK, Japan, and India face new tariffs → risk of retaliatory measures
Currency Markets: Dollar Weak Now, But Rebound Likely
USD: Short-term weakness from refund news, but potential rebound once new tariffs take effect
THB: Strong at around 31.12 per dollar due to fund inflows, but risk of intervention if baht strengthens too much
CNY: Firm at 6.91 per dollar, despite being a primary target of new tariffs
EUR: Recovery as pressure on German and European exports eases
JPY: Stable to slightly stronger, but volatility tied to BOJ policy
