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New York Stock Exchange Open On Friday Morning

President Donald Trump's press conference on tariffs is displayed on a television as traders work on the floor of the New York Stock Exchange on February 20, 2026 in New York City.

(Photo by Michael M. Santiago/Getty Images)

After Supreme Court Kills Tariffs, Trump Plots '15% Tax Out of YOUR Pockets to Feed HIS Deranged Ego'

"Donald Trump is a gangster with no respect for the rule of law and no understanding of economics," said former Democratic presidential candidate Tom Steyer.

Shortly after the US Supreme Court on Friday ruled against President Donald Trump's use of emergency powers to impose sweeping tariffs, the Republican announced plans for a 10% global import tax under another law. By Saturday, he'd hiked it to 15%.

In a 6-3 decision penned by Chief Justice John Roberts, the high court found that "nothing" in the text of the 1977 International Emergency Economic Powers Act (IEEPA) "enables the president to unilaterally impose tariffs." Trump responded by not only lashing out at the justices but also invoking Section 122 of the Trade Act of 1974 for a 10% global tariff beginning February 24.

Then, in a Saturday morning Truth Social post, Trump said:

Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the US off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level. During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter.

Critics across the country swiftly blasted the announcement. Democratic strategist Jon Cooper argued that "Trump CANNOT legally impose a 15% global tariff because the US doesn't meet the clear emergency economic conditions envisioned by Section 122. If Trump tries to invoke it, it would certainly face immediate legal challenges, economic pushback, and potential congressional scrutiny."

Former Democratic presidential candidate Tom Steyer declared that "Donald Trump is a gangster with no respect for the rule of law and no understanding of economics. This is a 15% tax out of YOUR pockets to feed HIS deranged ego."

California Gov. Gavin Newsom, who's expected to seek the Democratic presidential nomination in 2028, similarly said that "Donald Trump just announced a NEW 15% TAX on the American people. He does not care about you."

Another California Democrat, Congressman Ted Lieu, quipped that "crybaby Trump woke up this morning and still feels hurt from the Supreme Court slapping him. So he's taking it out on the American people by increasing his 10% tax increase to 15%. These temporary tariffs will be challenged in court and Democrats will kill them when they expire."

Elected Democrats have often spoken out against Trump's legally dubious duties, but the GOP-controlled Congress hadn't forcefully countered them. As Politico detailed Friday:

Before the ruling, while congressional Republicans had occasionally grumbled about the policy, they had largely fallen in line when actually required to vote on it. Now, the Supreme Court’s decision could put more pressure on them to break with the president...

Six House Republicans voted alongside Democrats last week to condemn Trump's tariffs on Canada, sending the measure to the Senate, which has already seen significant GOP defection in other votes on the duty measures. Senior House Democrats have vowed to bring up at least three more similar resolutions that will force GOP members to choose between their adherence to free trade principles and their MAGA base.

Last week, Sen. Ed Markey (D-Mass.), ranking member of the Senate Committee on Small Business and Entrepreneurship, released a report laying out how Trump's economic policies, particularly the tariffs, "are making life unaffordable for millions of American small businesses, their workers, and their customers."

Markey held a virtual press conference with Massachusetts small business owners celebrating the Supreme Court's Friday ruling. The senator said that "for the last year, Trump has created Pain on Main with an affordability crisis plaguing communities across the country. At the heart of it are Trump's tariff taxes."

"The Supreme Court did what was right and struck down these illegal tariffs. Trump said the small businesses who brought this case hate our country. He’s wrong. Small businesses are our country," Markey continued. "I will keep fighting until every cent illegally collected from small businesses, consumers, and families in Massachusetts and across the country has been returned."

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