Traders work on the floor of the New York Stock Exchange (NYSE) on February 13, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
U.S. stocks fell on Monday after President Donald Trump said he would raise tariffs worldwide in response to the Supreme Court’s “reciprocal” tariff repeal decision.
of Dow Jones Industrial Average It fell by 807 points (1.6%). of S&P500 Although it decreased by 1.2%, Nasdaq Composite It fell 1.4%.
President Trump continues to assert his ability to raise tariffs, warning countries that want to “play the game” against higher tariffs in response to the high court’s ruling.
“Countries that want to ‘play the game’ with the ridiculous Supreme Court decision, especially those that have ‘ripped off’ the United States for years or even decades, will end up with tariffs that are much higher or even worse than the ones they just recently agreed to,” he said in a post on Truth Social on Monday. “Buyer beware!!!”
This comes after the president said on Saturday that he would increase global tariffs to 15% from the 10% announced on Friday. Trump added that the new mandate would take effect immediately, but it was unclear whether any official documents had been signed regarding the timing. He also said additional levies would be imposed in the coming months.
“As President of the United States, I will immediately take action to raise the 10% global tariff on countries, many of which have been ‘stripped’ from the United States for decades, to the fully authorized and legally verified level of 15% without retaliation (until I show up!),” Trump said in a post on Truth Social.
European officials expressed concern about the move, suggesting it could put the country’s trade deal with the United States in jeopardy. “The current situation is not conducive to achieving ‘fair, balanced and mutually beneficial’ transatlantic trade and investment,” the European Commission said in a statement over the weekend, asking for “full clarity” from the US government on next steps.
Gold prices rose on Monday as new tariffs increased market uncertainty about the outlook for inflation and global growth. spot gold While progress has been made by approximately 2%, gold futures It rose nearly 3%.
Bitcoin fell sharply, briefly falling below $65,000, but recovered to near $66,000. As the value of cryptocurrencies continues to plummet, it remains down more than 2%.
Wall Street is emerging from a volatile trading session, with stocks initially rising on Friday following a major Supreme Court ruling, then falling back before eventually rebounding again. Investors had hoped the move would ease tensions between the United States and its trading partners and could lead to refunds for companies affected by the tariffs.
But the instability surrounding President Trump’s global tariff policy, invoked under Section 122 of the Trade Act of 1974, which allows the president to impose tariffs for 150 days before requiring Congressional approval, may not end anytime soon.
“The big question for the economy is what happens after this period,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management. “If the tariff policy remains as it is, it’s very likely that we’ll see another Supreme Court challenge later this year.” “Although less volatile than the initial shock last April, the push and pull of tariffs is likely to be a distracting theme for markets for the rest of the year.”
