Trump's tariffs continue to confound
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 23 February 2026
⏱️ 7 minutes
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Summary
From the BBC World Service: Governments around the world are scrambling to react to President Trump’s decision to impose a sweeping 15% tariff on all imports to the United States. It follows Friday’s Supreme Court judgment that ruled the President had exceeded his authority when he imposed tariffs using a law reserved for national emergencies. And we’ll visit Spain, where the government recently announced plans to legalize around half a million undocumented migrants in a move designed to boost the country’s workforce in economic sectors that have struggled to recruit. Spain’s economy has been outstripping its European Union partners and the government wants to keep momentum going.
Transcript
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| 0:00.0 | There's more global uncertainty over President Trump's tariff changes live from the UK. |
| 0:06.7 | This is the Marketplace Morning Report from the BBC World Service. |
| 0:10.5 | Hello, I'm Nick Kareishi. |
| 0:12.3 | Countries around the world are once again facing a lack of clarity over US trade policy. |
| 0:17.3 | This is after the Supreme Court's ruling that the tariffs imposed by the Trump administration are illegal. |
| 0:23.2 | In response, President Trump said he'll immediately introduce a new 15% import tax. |
| 0:28.7 | The BBC's Felicity Hannah has more on the global reaction. |
| 0:32.3 | Since Donald Trump's so-called Liberation Day tariffs came into force, |
| 0:36.2 | American import taxes have dominated global |
| 0:38.9 | financial headlines. Countries had started to adapt to this new economic environment, but Friday's |
| 0:44.7 | US Supreme Court ruling striking down the tariff regime has created yet more uncertainty. |
| 0:50.7 | And President Trump's subsequent announcement of a sweeping 15% tariff on all imports |
| 0:56.3 | has once again left countries and economic blocks around the world scrambling to react. |
| 1:02.2 | India says it will now delay plans to send a delegation to Washington this week |
| 1:06.0 | to finalise an interim trade deal, |
| 1:08.5 | and the European Union meets today to decide whether to freeze |
| 1:11.8 | its ratification of last year's trade deal with the US. China says it's making a full assessment |
| 1:17.6 | and is called for all US tariffs to be cancelled, adding that, in its view, a trade war benefits |
| 1:22.8 | no one. Meanwhile, the UK, which previously negotiated a 10% tariff deal, may be one of the few major economies facing higher tariffs than before. |
| 1:32.2 | I'm the BBC's Felicity Hanna for Marketplace. |
| 1:35.3 | Okay, let's do some numbers then. |
| 1:38.8 | And because of all this European shares dipping this morning over the fresh wave of uncertainty on tariffs. Germany's |
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