Business & Economics
Supreme Court Overturns Trump’s Emergency-Based Global Tariffs
On 20 Feb 2026 the Supreme Court, in a 6-3 decision, ruled that the 1977 International Emergency Economic Powers Act does not let President Trump levy tariffs, nullifying the bulk of the global duties he imposed since 2025 and spurring him to threaten a temporary 10 % across-the-board tariff under a different statute.