WASHINGTON, Feb 23 (Reuters) - U.S. President ⁠Donald ⁠Trump on Monday warned countries against backing away ⁠from recently negotiated trade deals with the U.S. after the Supreme Court struck down his emergency tariffs, saying that ​he would hit them with much higher duties under different trade laws.

Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs and nerves about artificial intelligence weighed on Wall Street.

The hasty transition in President Trump's tariff regime has triggered global trade confusion and created some immediate clear winners and losers.

For some emerging economies in Asia, President Trump’s new tariff could be good news. A 15% global tariff—introduced Saturday after the Supreme Court ruled that many of Trump’s previous levies were il

In a February 21, 2026, note, Srivastava explained that the US Supreme Court’s February 20 ruling striking down reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA) fundamentally reset the tariff structure and altered the India–US trade equation.

The Supreme Court blocked Trump's IEEPA tariffs, but he has other ways to impose sweeping duties — some of which are already being dusted off.

Within hours of the ruling, Trump signalled he would invoke Section 122 of the Trade Act of 1974 - a rarely discussed provision that allows temporary tariffs in response to balance-of-payments concern