Trump Says He Will Impose 10% Tariff Under Different Authority -- WSJ

Dow Jones02-21 05:32

By Caitlin McCabe and Krystal Hur_

President Trump will impose a 10% global tariff under a different authority to replace those thrown out by the Supreme Court on Friday, saying he was "ashamed of certain members of the court" over the ruling.

The new 10% global tariff would be "over and above our normal tariffs already being charged," Trump said.

"We have alternatives," the president said. "Great alternatives."

The new tariffs will be imposed under Section 122 of the Trade Act of 1974, Trump said, which allows the president to impose tariffs for up to 150 days. During that time, Trump said they would also begin new tariff investigations under Section 301 of the Trade Act, which can result in more permanent tariffs.

The S&P 500 rose 0.7%, and trade-sensitive shares also posted gains. Stellantis, Estee Lauder and Stanley Black & Decker all added around 2%. Some investors said they had anticipated the administration would implement tariffs in other ways.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 20, 2026 16:32 ET (21:32 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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