On February 20, 2026, after the US Supreme Court ruled parts of its tariff policy unconstitutional, the Trump administration utilized Trade Act provisions to announce a 15% base reciprocal tariff on most global imports. Aimed at reducing trade deficits and promoting 'America First,' this move drew strong backlash from the EU, China, and major partners, causing high uncertainty in global markets and potential retaliatory measures.
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Trump Administration Launches Global Reciprocal Tariffs; New 15% Tax Triggers Global Trade Shock
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