Power ShiftMonday, February 23, 2026

Asian Markets Rally After Supreme Court Strikes Trump Tariffs Despite New 15% Duties

Sourced from 3 publications

•The US Supreme Court struck down a significant portion of Trump's emergency tariff policy, affecting duties on countries including China.
•Trump responded by raising new global tariffs to 15% from 10%, which can last up to 150 days without congressional approval.
•Chinese stocks listed in Hong Kong rallied as the ruling positioned China among countries facing lower duties on US-bound shipments.
•Asia-Pacific markets largely gained despite the announcement of higher new tariffs, while the US dollar fell.
•The developments underscore a constitutional tension between judicial limits on presidential tariff authority and executive trade actions.

Sources

Asian stocks rally after Trump's Supreme Court tariffs blow

CNA

China Stocks in Hong Kong Jump as US Court Strikes Down Tariffs

Bloomberg

Singapore's STI up, Apac stocks largely gain after Trump raises new global tarif...

businesstimes

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Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.