{"id":58922,"date":"2026-02-22T11:38:29","date_gmt":"2026-02-22T15:38:29","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/trump-imposes-15-global-tariff-after-scotus-defeat-armed-intruder-killed-at-mar-a-lago\/58922\/"},"modified":"2026-02-22T11:38:29","modified_gmt":"2026-02-22T15:38:29","slug":"trump-imposes-15-global-tariff-after-scotus-defeat-armed-intruder-killed-at-mar-a-lago","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-imposes-15-global-tariff-after-scotus-defeat-armed-intruder-killed-at-mar-a-lago\/58922\/","title":{"rendered":"Trump Imposes 15% Global Tariff After SCOTUS Defeat; Armed Intruder Killed at Mar-a-Lago"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> announced a new 15% flat-rate global tariff<\/strong> under Section 122 of the Trade Act of 1974, a move that paradoxically lowers the trade burden for <strong>China<\/strong> and <strong>Brazil<\/strong> compared to previous emergency duties.<\/li>\n<li><strong>US Trade Representative Jamieson Greer<\/strong> confirmed that existing bilateral trade deals with partners like the <strong>European Union<\/strong> and <strong>South Korea<\/strong> remain intact despite the Supreme Court&#39;s ruling against broad executive tariff powers.<\/li>\n<li><strong>The US Secret Service fatally shot an armed intruder<\/strong> at the Mar-a-Lago resort early Sunday morning; the suspect was carrying a shotgun and a fuel can, though the President was in Washington at the time.<\/li>\n<li><strong>The Winklevoss twins are aggressively restructuring Gemini<\/strong> after a <strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong> plunge below <strong>$70,000<\/strong> triggered a <strong>25% workforce reduction<\/strong> and a retreat from international markets.<\/li>\n<li><strong>Australian Prime Minister Anthony Albanese<\/strong> has rejected calls for immigration cuts, despite a <strong>Newspoll<\/strong> showing the hard-right <strong>One Nation Party<\/strong> surging to <strong>27%<\/strong> support.<\/li>\n<\/ul>\n<p>In a rapid response to a legal setback, <strong>President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> has implemented a <strong>15% global tariff<\/strong> to replace the sweeping duties recently struck down by the <strong>US Supreme Court<\/strong>. The high court ruled 6-3 that the administration\u2019s use of the <strong>International Emergency Economic Powers Act (IEEPA)<\/strong> to impose &quot;reciprocal&quot; tariffs was unconstitutional, potentially exposing the government to <strong>$170 billion<\/strong> in refund claims. By pivoting to <strong>Section 122 of the Trade Act of 1974<\/strong>, the administration aims to maintain its protectionist agenda through a legally tested framework that allows for temporary surcharges of up to <strong>15%<\/strong>.<\/p>\n<p>The shift to a flat rate is expected to provide an unintended &quot;boost&quot; to major trade rivals, specifically <strong>China<\/strong> and <strong>Brazil<\/strong>. Because these nations previously faced punitive &quot;reciprocal&quot; duties as high as <strong>125%<\/strong> and <strong>50%<\/strong> respectively, a uniform <strong>15%<\/strong> levy represents a significant reduction in their nominal trade burden. <em>Analysts suggest this leveling of the playing field could inadvertently strengthen the competitive position of Chinese and Brazilian exports in the US market relative to allies who previously enjoyed lower rates.<\/em><\/p>\n<p><strong>US Trade Representative Jamieson Greer<\/strong> sought to reassure global markets on Sunday, stating that the SCOTUS ruling would not &quot;unravel&quot; individual bilateral deals. Appearing on <em>Face the Nation<\/em>, Greer emphasized that agreements already sealed with the <strong>European Union<\/strong>, <strong>South Korea<\/strong>, and other partners are considered separate from the broad emergency tariffs. &quot;I haven&#39;t heard anyone yet come to me and say the deal is off,&quot; Greer remarked, noting that the administration expects all partners to honor their existing commitments.<\/p>\n<p>Security concerns reached a fever pitch on Sunday following a fatal incident at <strong>Mar-a-Lago<\/strong>. <strong>Secret Service<\/strong> agents and local law enforcement shot and killed a man in his early 20s who had breached the north gate of the property while armed with a shotgun. The suspect, identified as a missing person from <strong>North Carolina<\/strong>, was also carrying a fuel can; investigators are currently working to establish a motive for the intrusion. <strong>President Trump<\/strong> and the First Lady were at the <strong>White House<\/strong> during the event and were not in any immediate danger.<\/p>\n<p>In the digital asset space, the <strong>Winklevoss twins<\/strong> are fighting to stabilize their crypto exchange, <strong>Gemini<\/strong>, following a sharp market downturn. A sudden <strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong> plunge below the <strong>$70,000<\/strong> threshold has upended the company\u2019s recent public debut, with shares falling nearly <strong>85%<\/strong> from their September highs. In response, <strong>Gemini<\/strong> has announced it will cut <strong>200 employees<\/strong> and exit markets in the <strong>UK<\/strong>, <strong>EU<\/strong>, and <strong>Australia<\/strong> to &quot;double down&quot; on its US operations and new prediction market ventures.<\/p>\n<p>Meanwhile, political tensions are rising in <strong>Australia<\/strong> as <strong>Prime Minister Anthony Albanese<\/strong> faces a surge in populism. Despite a <strong>Newspoll<\/strong> placing the <strong>One Nation Party<\/strong> at a record <strong>27%<\/strong>\u2014surpassing the main opposition&#39;s <strong>18%<\/strong>\u2014Albanese has dismissed demands for tighter border checks. The Prime Minister maintained that Australia\u2019s current visa and migration checks are sufficiently &quot;tight,&quot; even as voters express growing anxiety over crime and the cost of living.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump announced a new 15% flat-rate global tariff under Section 122 of the Trade Act of 1974, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[14001,1327,17525,4335,4384,4687,5026,5126,6754,10404,10619],"class_list":["post-58922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-jamieson-greer","tag-china","tag-one-nation-party","tag-donald-trump","tag-trade-policy","tag-ieepa","tag-brazil","tag-australia","tag-bitcoin-btc-stock-btc","tag-us-supreme-court","tag-gemini"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=58922"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=58922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=58922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=58922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}