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A 6–3 U.S. Supreme Court ruling on 20 Feb 2026 stripped President Trump of the legal basis for his country-specific tariffs, but within 48 hours he invoked an untested Section 122 power to slap a temporary 15 % duty on all imports starting 24 Feb, drawing an immediate demand from China to scrap the measures.
Within 24 hours of a 6-3 Supreme Court decision voiding his IEEPA duties, President Trump switched statutes and hiked a hastily announced 10% universal import tax to the Section-122 maximum of 15%, effective immediately and lasting no more than 150 days unless Congress acts.
Within 24 hours of the US Supreme Court voiding much of his earlier tariff program, President Trump on 21 Feb 2026 slapped a temporary 15 % duty on all imports, prompting the European Commission to demand legal clarity and threaten to halt parliamentary approval of last year’s EU-US deal.
On 21 Feb 2026, a 6-3 Supreme Court ruling struck down President Trump’s emergency tariffs, and within hours Trump signed a new order levying a temporary 10 % tariff on nearly all imports, effective 24 Feb for up to 150 days.
On 22 Feb 2026, the U.S. Supreme Court struck down Donald Trump’s sweeping emergency-based tariff program, ruling that broad import duties imposed without congressional legislation violate the Constitution’s Commerce and Tax clauses.
During President Lula’s 18–22 Feb 2026 state visit for the AI Impact Summit, he and PM Modi raised their bilateral trade target to $30 billion by 2030 and signed new MoUs on rare-earths, steel-chain minerals and digital infrastructure.
On 20 Feb 2026 Hungary’s EU envoy single-handedly blocked the unanimous budget tweak needed to let Brussels raise a €90 billion loan for Kyiv, freezing the package days before the war’s fourth anniversary.
On 20 Feb 2026 Nvidia agreed to invest a lump-sum $30 billion for OpenAI shares, scrapping the September 2025 plan for ten annual $10 billion chip-for-equity tranches.
A Financial Times leak says ECB President Christine Lagarde is considering resigning roughly a year early—late-2026 instead of October 2027—to let EU leaders pick her successor before France’s April 2027 election, which polls tip toward the Eurosceptic National Rally.
On 20 Feb 2026, a day after a paralysing general strike, Argentina’s Chamber of Deputies passed President Javier Milei’s sweeping labor-market reform bill, moving the package to a final Senate vote.
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