Gather 'round, because the tea in D.C. is officially boiling. ☕️ If you thought 2026 was going to be a quiet year for trade, think again. Today, February 20, the Supreme Court just dropped a massive hammer on President Trump’s signature economic policy, and the drama is chef’s kiss levels of intense.
The Big Scoop: "Sorry, Mr. President!" ✋🛑
In a stunning 6-3 ruling, the Supreme Court officially told President Trump that his sweeping, worldwide tariffs were a no-go. The court ruled that he overstepped his authority by using a 1977 emergency law (the IEEPA) to bypass Congress and slap taxes on basically everything coming into the country.
Chief Justice John Roberts basically told the White House: "The Constitution says Congress holds the wallet, not the Oval Office." 💅
The "Gossip" From the Halls of Power 🏛️💬
Trump’s Reaction: Word on the street is the President is not happy. He reportedly called the decision a “disgrace” during a private meeting with governors this morning. Expect some spicy social media posts soon. 📱🔥
The $133 Billion Question: Here’s the juicy part—the government has already collected over $130 billion in these tariffs. Now, companies like Costco and Crocs are lining up like it’s a Black Friday sale, demanding their money back! 💸👟
Governor Newsom is Gloating: California’s Governor Gavin Newsom didn’t hold back, telling Trump it’s "time to pay the piper" and demanding the administration "cough up" the refunds with interest. The shade is real! 😎🌴
Is the Trade War Over? (Spoiler: Probably Not) 🌎🥊
Don't unpack your bags just yet. While the court struck down these specific global tariffs, experts say Trump still has other "tools" in his belt from the Great Depression era. He might just rename them and try again. It’s the ultimate "to be continued..." in the world of trade. 🔄
What’s next on the horizon?
The administration is likely already drafting new executive orders to keep the pressure on trading partners while staying within the lines the Court just drew. It's a high-stakes game of "legal tag."
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