#TrumpNewTariffs TrumpNewTariffs The trade war has hit a fever pitch. After the Supreme Court struck down a previous tariff attempt on Friday, President Trump immediately pivoted. On Saturday, he announced a 15% worldwide tariff using the Trade Act of 1974. This "temporary import surcharge" is set for 150 days starting February 24. Markets are braced for volatility as India and the EU consider reciprocal measures.