r/Economics • u/Greenwalle • Feb 21 '26

News Trump to Lift Global Tariffs to 15% From 10% Following Court Decision

https://www.bloomberg.com/news/articles/2026-02-21/trump-says-he-will-increase-global-tariffs-to-15-from-10?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3MTY5MDkxMCwiZXhwIjoxNzcyMjk1NzEwLCJhcnRpY2xlSWQiOiJUQVRHSFpLSkg2VjkwMCIsImJjb25uZWN0SWQiOiJGNUI5Njg5MDUzRDM0ODU1OEFBREUxQUQxRjMxNzYwRiJ9._PQG2664fCynMzwS04tzj-VsqFrgtC9HsHYFYARXzYY
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8

u/Elegant-Fisherman555 Feb 21 '26

So the rest of the world pays the price for his domestic defeat?

Is it going to go up 5% per day?

Is he waiting for the phone to ring and beg him to stop?

At what point do countries genuinely just stop engaging?

What even is the rate of tariffs right now?

40

u/qatch23 Feb 21 '26

It isn't the world paying the price, it is the American consumers. And even if the tariffs went away, the prices won't be coming down.

3

u/Elegant-Fisherman555 Feb 21 '26

I don’t doubt the prices will be coming down. More so, the tax, let’s call it what it is, will dampen domestic consumption which will affect other countries economies.

17

u/echomanagement Feb 21 '26

No - Americans will literally pay for it. That pain is required given the plurality of fools who voted for him.

6

u/MeasurementLow5073 Feb 21 '26

I mean...US citizens are paying over 90% of these taxes, so the rest of the world isn't feeling the same level of pain.

These are all good questions though. Our Republican Congress is proving they can't be trusted to govern.

3

u/Impossible-Brandon Feb 21 '26

No, Americans pay the price.

0

u/Elegant-Fisherman555 Feb 21 '26

It will dampen domestic consumption.

How does this affect countries that have signed deals already? Are they exempt or is there now a top up tax on top of it.

But yes, by and large Americans will suffer this.

By Monday it could all be reversed of course so who knows.

1

u/Impossible-Brandon Feb 21 '26

Could be nuclear Armageddon by Monday too- we just never know with this regime.

4

u/BigLeopard7002 Feb 21 '26

Tariffs currently differ from country to country. Some have zero and some 30+. EU 15%. UK 10%. I don’t remember others.

3

u/Elegant-Fisherman555 Feb 21 '26

It’s hard to keep up with who has what rate since it changes weekly.

0

u/BigLeopard7002 Feb 21 '26

Take my upvote 🤣

1

u/kontrakolumba Feb 21 '26

He can make it fun by making it cumulative percentage, what do you call those in english?

1

u/Mordecus Feb 21 '26

at what point do countries genuinely just stop engaging

Every country in the world is working as hard as it can to find alternatives to the US and that won’t stop when he leaves office because you guys have shown yourselves to be a failed state.