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Trump Imposes 10% Global Tariff Under Section 122, Rattling Markets and Prompting EU Warning

President Donald Trump has activated a 10% blanket tariff on imports from virtually every country under the rarely invoked Section 122 of U.S. trade law, following the Supreme Court's decision to strike down his earlier reciprocal tariff regime. The European Commission responded swiftly, warning that the new levies are not conducive to fair transatlantic trade and threatening retaliatory measures, sending major U.S. equity indexes sharply lower before a partial recovery on Tuesday.

Trump Imposes 15% Global Tariff After Supreme Court Voids Reciprocal Trade Barriers

President Donald Trump escalated trade tensions Monday by invoking Section 122 of the Trade Act of 1974 to impose a blanket 15% tariff on all imports, one day after the Supreme Court ruled 6-3 that his reciprocal tariffs exceeded executive authority under the International Emergency Economic Powers Act. Major trading partners, including the European Union, warned that the new levies could jeopardize previously negotiated trade agreements, sending U.S. equity futures sharply lower and driving safe-haven assets higher.

Trump Administration Orders Pentagon to Purchase Coal-Fired Electricity in Historic Energy Reversal

President Donald Trump signed an executive order on February 11, 2026, directing the Department of Defense to enter long-term electricity contracts with coal-fired power plants, marking the administration's most aggressive attempt to revive the declining coal industry. The move, coupled with $175 million in Department of Energy funding for coal plant upgrades, could provide financial lifelines to dozens of facilities scheduled for retirement.

Financial Stocks Retreat on Trump Credit Card Rate Cap Proposal

Financial stocks fell sharply after President Trump proposed a one-year 10% cap on credit card interest rates, rattling investor confidence in the sector.

Trump Proposes 10% Credit Card Interest Rate Cap, Sending Bank Stocks Reeling

President Donald Trump has called for a one-year 10% cap on credit card interest rates starting January 20, 2026. Banking associations and economists warn the move could lead to mass card cancellations and reduced credit availability.

Trump Promises �Aggressive� Housing Reforms in 2026

President Donald Trump pledged aggressive housing reforms for 2026 aimed at tackling affordability, including potential new mortgage products, construction incentives, regulatory reforms, and more, as housing costs remain a major economic concern.