đš
BREAKING: Supreme Court STRIKES DOWN Trump's Sweeping Global Tariffs in 6-3 Ruling!
đ
Today (Feb 20, 2026), SCOTUS ruled President Trump's massive tariffs on imports from nearly every country are illegal â he overstepped under the 1977 IEEPA emergency law.
Quick Breakdown:
Vote: 6-3 (Chief Justice Roberts wrote opinion; joined by Barrett, Gorsuch + liberals Jackson, Kagan, Sotomayor.
Dissent: Thomas, Alito, Kavanaugh).
Why? IEEPA allows emergency regs on transactions, but NOT tariffs (import taxes) â that's Congress's power. President can't unilaterally impose them without approval.
Affected: Sweeping "reciprocal" tariffs (10%+ blanket + higher on China, Mexico, Canada, EU, etc.) â government collected $200B+ since 2025. Now largely invalid.
Not All Gone: Some specific tariffs (e.g., steel under other laws) may survive.
Impacts: Billions in potential refunds for importers; hits Trump's "America First" trade plan hard; could add ~$2T to deficits if no replacements.
Trump's Take: Called it a "disgrace." White House plans to reimpose via other laws quickly.
Rare conservative Court limit on executive power â big win for Congress/trade rule of law. Markets reacting with relief/uncertainty.
Thoughts?
Global trade relief or Trump workaround fast? Drop below!
đșđžâïžđ„
#SupremeCourt #TrumpTariffs #Economy #BreakingNews