Trump's administration is considering new national security tariffs on a half-dozen industries after a Supreme Court decision last week that invalidated many of his second-term levies, per WSJ.
The new tariffs, to be issued under Section 232 of the Trade Expansion Act of 1962,…
— unusual_whales (@unusual_whales) February 24, 2026
HOUSE SPEAKER MIKE JOHNSON SAID CONGRESS IS UNLIKELY TO CODIFY DONALD TRUMP’S 15% GLOBAL TARIFFS AFTER THE SUPREME COURT STRUCK DOWN EARLIER LEVIES, WITH SENIOR REPUBLICANS PRIVATELY SIGNALING THERE ISN’T ENOUGH SUPPORT TO EXTEND THEM BEYOND THEIR 150-DAY WINDOW, ACCORDING TO…
— First Squawk (@FirstSquawk) February 23, 2026
🚨 BREAKING
SENATE DEMOCRATS JUST RELEASED A BILL SEEKING $175 BILLION IN TRUMP TARIFF REFUNDS.
THAT'S ROUGHLY $1,300 PER U.S. HOUSEHOLD.
EXPECT HIGH VOLATILITY! pic.twitter.com/SzvgKjPG8P
— Wimar.X (@DefiWimar) February 23, 2026
WASHINGTON, Feb 24 (Reuters) – The United States began collecting a temporary new 10% global import tariff on Tuesday, but the Trump administration was working to increase it to 15%, a White House official said, sowing confusion over President Donald Trump’s tariff policies after last week’s Supreme Court defeat.
Trump initially signed an order on Friday for a 10% tariff to last 150 days to replace broad duties under an emergency law that were struck down by the Supreme Court, but on Saturday, he said he would increase the rate to 15%.
https://www.reuters.com/business/new-us-tariffs-come-lower-10-rate-2026-02-24/
FedEx sued the US government on Monday, seeking a refund for the tariffs imposed by Donald Trump that were deemed illegal by the US supreme court last week.
The lawsuit marks the first attempt by a major company to receive reimbursement of their share of an estimated $175bn in levies after the highest court found Trump had overstepped his authority in issuing the tariffs. Other companies are expected to follow.
The FedEx lawsuit named as defendants US Customs and Border Protection (CBP), which collects tariffs; the agency’s commissioner, Rodney Scott; and the United States of America. The suit was filed in the US court of international trade. The company did not specify an amount in its complaint but said it was seeking a “full refund” for duties paid to the US.
https://www.theguardian.com/us-news/2026/feb/23/fedex-lawsuit-trump-tariffs