Key Insights: Donald Trump raised the global tariff rate to 15% on Saturday, effective immediately. The US President used alternative legal statutes after the Supreme Court limited his powers under the International Emergency Economic Powers Act (IEEPA). He announced the move on Truth Social and framed it as a response to long-running trade deficits
source: https://www.thecoinrepublic.com/2026/02/23/trump-hikes-global-tariffs-to-15-crypto-shrugs/