US President Donald Trump: We're going to tariff even harder

FXStreetFeb 20, 2026 7:10 PM

View all comments（0）



Following the US Supreme Court's decision to declare US President Donald Trump's "national security" tariffs unlawful, President Trump gave a press conference to deliver his reaction to the Supreme Court's decision.

President Trump's press conference from the White House on Friday could most-graciously be described as "comprehensive". President Trump vowed that his administration would be imposing even further tariffs using alternative legal frameworks, specifically citing national security conventions under Section 301 of the Trade Act of 1974. Many of Trump's current tariff policies already exist under Section 301, but the largest bulk of trading fee collections have been under the International Emergency Economic Powers Act (IEEPA), which were widely imposed following the Trump administration's "Liberation Day" announcement in early 2025.

With the SC gutting Trump's ability to impose arbitrary tariffs under IEEPA, the Trump team is likely to pivot further into Section 301 tariffs, with Trump suggesting during his press conference that they may begin imposing an additional round of tariffs, effective almost immediately.

When asked by media following the President's address, Donald Trump strongly inferred that tariff fees collected under the IEEPA program, which has now been declared unlawful by the SC, will not be returned willingly by the White House. US companies and consumers who were forced to pay the import fees will have to bring lawsuits forward against the Trump administration to recoup their foreign trade costs directly.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Gold Price Forecast: Gold Rebounds Nearly 2% After Falling Below $3,900; Has a Short-Term Bottom Formed?

TradingKey - As of the Asian session on Tuesday (November 3), gold prices (XAUUSD) hovered at elevated levels following a sharp rebound in the previous trading day, last trading around $3,955, up slightly by about 0.25% intraday. Gold had previously dropped to near $3,870 on October 30, hitting a one-year low, before surging over 2% on November 2. While a sharp pullback in oil prices eased market concerns over U.S. inflation, the probability of a Fed rate hike in December remains high, leaving the short-term outlook for gold under continued test.

Today’s Market Recap: Oil Slumps 8%, Apple and PLTR Earnings Beat Expectations, Marvell Tumbles Over 12%

TradingKey - On November 2, Eastern Time, early gains in US stocks failed to hold as weakness in AI and technology stocks dragged down the S&P 500 and the Nasdaq. A sharp drop in oil prices eased energy cost pressures, lifting fuel-sensitive sectors such as airlines and cruise lines, but failed to o

Japan Markets Closed; South Korea's Kospi Drops Over 3% as SK Hynix and Samsung Tumble 5%

A wave of risk aversion surged on U.S. Election Day. Japanese markets were closed, while the KOSPI plummeted 3.59% at the open, with Samsung Electronics and SK Hynix falling around 5%.

Nasdaq Falls 1.07%, SOX Drops Over 3%; AI-Related Stocks Extend Losses, Marvell Falls Over 12%, Oracle Drops Over 8%

On Monday, November 2, Eastern Time, US stocks posted a mixed performance. The Nasdaq and the S&P 500 gave up early gains to turn lower, while the Dow bucked the trend and advanced. Investors continued to rotate out of tech stocks into other sectors of the market, with attention focused on big tech companies' AI financing plans and M&A transactions. At the close, the Dow Jones Industrial Average rose 0.41% to 51,983.98; the Nasdaq Composite Index fell 1.07% to 25,164.32; and the S&P 500 Index slipped 0.51% to 7,541.40.

The Week Ahead: US Midterm Elections and October Nonfarm Payrolls Arrive as Earnings From Apple, Palantir, AMD Take Center Stage

TradingKey - For the week of November 2 to 6, Eastern Time, the US stock market will see the 2026 US midterm elections and the October non-farm payrolls report.

Featured Tools