BrianKrebsBreaking, from the NYT: Supreme Court Strikes Down Trump’s Sweeping Tariffs
"In a major setback for President Trump’s economic agenda, the court ruled that he could not invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imports. The 6-3 decision has significant implications for the economy and consumers. The federal government has collected more than $200 billion in tariffs since the start of last year."
https://www.nytimes.com/live/2026/02/20/us/trump-tariffs-supreme-court
Supreme Court’s Tariff Ruling and Trump’s Immediate New Levies Add New Uncertainty in Global Trade
The decision is a major setback for President Trump, who responded by imposing a 10 percent global tariff after lashing out at the justices who ruled against him. Trade deals his administration has struck with countries around the world are now in question.
greyllama