What exactly are the Trump 15% tariffs?

The proposal would levy up to 15% global import duties for 150 days while a broader approach faces legal tests after a Supreme Court setback. It would hit EU exports to the US and raise input costs for US firms. Markets expect quick legal and diplomatic pushback.

How could this affect the S&P 500 and German investors?

Export-reliant S&P 500 sectors like hardware, industrials, and semis could see margin pressure and weaker orders. German investors in US ETFs may face equity swings from the Trump 15% tariffs and currency moves. Consider euro-hedged share classes, defined stops, and exposure trims in tariff-sensitive holdings.

What does the Supreme Court tariff ruling change?

The Supreme Court tariff ruling reportedly narrowed room for blanket trade actions, making sweeping levies harder to justify. This is why a time-limited, 150-day approach surfaced. Legal challenges remain likely, so headline risk is high but policy durability is uncertain, which could limit long-term market damage.

Which levels matter now for traders?

Watch 6,805 as a near-term floor and 6,913 as a pivot around the 50-day average. A break above 7,020 would indicate momentum returning; below 6,737, risk control takes priority. These triggers can help manage exposure while the EU–US trade deal and tariff headlines drive swings.

Law and Government

^GSPC Today, February 23: EU Flags Risk as Trump Pushes 15% Tariffs

ByDanny Kontos February 23, 2026February 23, 2026

Today, 23 February, policy risk jumped after reports that Trump plans up to 15% global import duties for 150 days. The Trump 15% tariffs raise talk in Brussels of suspending parts of the EU–US trade deal and could weigh on S&P 500 exporters and supply chains. For German investors, the focus shifts to index levels, legal timelines, and hedges. The S&P 500 index ^GSPC trades near 6,861.88, close to its 50-day average, with momentum neutral. We break down what this means for portfolios in Germany and how to position around policy headlines.