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Supreme Court strikes down Trump tariffs, rebuking president’s signature economic policy
The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda, delivering a major rebuke of the president’s key economic policy. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled six to three in the long-awaited decision. The ruling is a massive loss for Trump, who has made tariffs — and his asserted power to impose them on any country at any time, without congressional input — a central feature of his administration’s economic and foreign policies. Chief Justice John Roberts delivered the ... (full story)
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*TRUMPS GLOBAL TARIFFS STRUCK DOWN BY US SUPREME COURT
Supreme Court of the United States: Learning Resources, Inc. v. Trump, President of the United States The question presented is whether the International Emergency Economic Powers Act (IEEPA) authorizes the President to impose tariffs. See 91 Stat. 1626. Shortly after taking office, President Trump sought to address two foreign threats: the influx of illegal drugs from Canada, Mexico, and China, Presidential Proclamation No. 10886, 90 Fed. Reg. 8327; Exec. Order No. 14193, 90 Fed. Reg. 9113; Exec. Order No. 14194, 90 Fed. Reg. 9117; Exec. Order No. 14195, 90 Fed. Reg. 9121, and large and persistent trade deficits, Exec. Order No. 14257, 90 Fed. Reg. 15041. The President determined that the drug influx had created a public health crisis, 90 Fed. Reg. 9113, and that the trade deficits had led to the hollowing out of the American manufacturing base and undermined critical supply chains, id., at 15041. The President declared a national emergency as to both threats, deeming them unusual and extraordinary, and invoked his authority under IEEPA to respond. He imposed tariffs to deal with each threat. As to the drug trafficking tariffs, the Pre *SUPREME COURT RULES 6-3 AGAINST TRUMP ON TARIFFS Supreme Court does not address eligibility for tariff refunds.
Supreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says
The U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled Friday in a 6-3 decision that tariffs unilaterally imposed by President Donald Trump are illegal, a new estimate says. The potential refunds to a broad range of companies would be for tariffs already collected by the government since Trump slapped on ...
From realeconomy.rsmus.com | Feb 20, 2026
The Supreme Court overturned the Trump administrations signature economic policy on Friday, ruling by a 6-3 majority that the imposition of tariffs under the International Emergency Economic Powers Act was illegal. The trade taxes included a minimum tariff of 10% with reciprocal tariffs ranging from 10% to 41% on countries that did not reach trade deals ...