Marketplace Let's talk about the new Trump tariff
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Feb 23, 2026 A fast-paced look at a new 15% worldwide tariff and the legal limits that shape it. Conversations cover which imports are exempt and who really feels the pain. Small businesses share how tariffs and uncertainty stretch supply chains and pricing. Plus coverage of battery storage growth, shifting labor trends, and a new tax break for certain car buyers.
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New Section 122 Tariff Limits And Scope
- Section 122 lets the president impose up to 15% uniform tariffs worldwide for 150 days by asserting a balance of payments crisis without investigation.
- The tariffs are time- and rate-limited, can't target specific countries, and exclude many goods like pharmaceuticals and items under USMCA.
Winery Lost Export Market And Faces Rising Input Costs
- Kane Winery lost all international business after the first round of tariffs and faced 20% higher costs from imported barrels, corks, and bottles.
- Katie Lazar attended trade shows in Paris where importers refused meetings, leaving export markets stalled for another year.
Manufacturer Conserves Cash Due To Tariff Uncertainty
- Sanitube imported tubing from China and saw an effective tariff drop from 20% to 15%, which the president's move created but left the company uncertain.
- Todd Adams says the uncertainty forces cash conservation and stalls U.S. hiring and expansion plans.