Marketplace All-in-One Let's talk about the new Trump tariff
Feb 23, 2026
A deep dive into the new 15% worldwide tariff and its limits and exemptions. Stories on how small businesses face higher input costs and stalled growth plans. Coverage of market reactions and stock drops after the tariff news. Looks at whether consumers might ever see tariff refunds. Also touches on rising U.S. battery storage demand and a new auto loan interest deduction.
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New 15% Tariff Is Narrower And Temporary
- The Supreme Court struck down broad IEPA tariffs, forcing the administration to reissue a narrower 15% global tariff under Section 122.
- Section 122 limits tariffs to 150 days, caps at 15%, requires no investigation, and cannot vary by country, creating a time-limited uniform regime.
Tariff Covers Less Than It Appears
- The new tariff excludes many goods and trade partners, so its average effective rate will be below 15 percent.
- Exemptions include USMCA-covered goods, pharmaceuticals, critical minerals, food items, and products already protected by high tariffs like steel and autos.
Napa Winery Lost Overseas Sales And Faces 20% Higher Costs
- Kane Vineyard lost all international business after the first round of tariffs and faced 20% higher costs on barrels, corks, and bottles.
- Katie Lazar reported import sources in France and Portugal unwilling to meet at trade shows, pushing export prospects out a year.