Joseph Gebremichael

🥊 Trump Fires Back: New 10% Global Tariff Effective Feb 24! 🇺🇸🚢 Just hours after the Supreme Court struck down his "emergency" tariff powers, President Trump has already launched a counter-offensive. During a fiery Friday press conference (Feb 20, 2026), he announced a new 10% global tariff on all imports, utilizing a different legal lever: Section 122 of the Trade Act of 1974. 🔍 The "Loophole" Strategy Trump is not backing down. This new order is designed to bypass the court's recent ruling: The New Law: Section 122 allows the President to impose temporary import surcharges (up to 15%) for 150 days to address "balance-of-payments" deficits. "On Top" of Existing Duties: Trump made it clear—this 10% is additive. It sits over and above any current duties (like those on steel, aluminum, or Chinese tech). Effective Date: The new 10% levy hits at 12:01 AM ET on Tuesday, February 24, 2026. Exemptions: A White House fact sheet noted some "relief" for critical minerals, energy products, and certain fertilizers, as well as a temporary carve-out for Canada and Mexico under the North American trade pact. 😤 Trump vs. SCOTUS: "A Disgrace" The President didn't hold back his fury toward the justices who ruled against him (including two of his own appointees): He called the 6-3 decision "ridiculous" and "deeply disappointing." He accused the court of being "swayed by foreign interests" and labeled the majority justices as "lap dogs" for his political opponents. He specifically praised the three dissenters—Kavanaugh, Alito, and Thomas—for their "strength and wisdom." 📊 Market Reaction: A "Volatile" Tug-of-War The market is in "wait-and-see" mode as it weighs the Supreme Court "win" against Trump's immediate "counter-move": Bitcoin ($BTC : Initially "popped" toward $68,000 on the court ruling but has settled around $67,300 as the new 10% global tariff adds a fresh layer of macro uncertainty.#BTCMiningDifficultyIncrease #TrumpNewTariffs #Follow #TRUMP $BIO