"The dollar slumped 0.4% against a basket of other currencies this morning after the US Customs and Border Protection agency said it would deactivate all tariff codes associated with International Emergency Economic Powers Act related orders as of Tuesday at midnight."

~ Nicola Slawson

#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/1

https://www.theguardian.com/us-news/2026/feb/23/first-thing-us-stop-collecting-trump-tariffs-ruled-illegal-supreme-court

First Thing: US to stop collecting Trump tariffs ruled illegal by supreme court

Dollar slumps and gold rises as authorities say they will halt levies linked to emergency powers but give no word on refunds. Plus, meet some of the people suing the president over civil liberties

The Guardian

The Guardian has started an ongoing thread today with rolling coverage of the latest economic and financial news, in light of the debacle Trump is creating with his continued tariff madness.

#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/2

https://www.theguardian.com/business/live/2026/feb/23/us-dollar-stock-markets-losses-trump-global-tariff-supreme-court-news-updates

Trump threatens ‘more powerful and obnoxious’ tariffs, amid confusion in UK and EU; Wall Street drops – business live

Rolling coverage of the latest economic and financial news

the Guardian

"I think what the American business community hoped is: OK, he’s going to lose in the courts and this whole thing will just go away quietly. But the president has now really put himself out there that that’s not going to happen, and that there’s no way around this other than continuing to try to fight his assertions of power in imposing tariffs."

~ Matthew Seligman

#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/3

https://newrepublic.com/article/206884/trump-rage-scotus-explodes-then-backfires-gopers-turn

Trump’s Rage at SCOTUS Explodes—Then Backfires as GOPers Turn on Him

As Trump’s fury at the Supreme Court over his loss on tariffs brings GOP pushback, a legal expert explains how he’ll try to revive the levies—and how the whole saga undermines the myth of Trump.

The New Republic

@wdlindsy

#TranslatedFromTheRepublican

"Koch Network purchased a corrupt Supreme Court to get their lawless "Unitary Executive" constitutional heresy entrenched...

... then acts completely surprised that the #MadKing that they created is unbound by any sense of the law."

Bradley, Koch, Coors, Scaife Mellon, Seid and Uihlein paid for a dictatorship & this is what dictatorship looks like.

https://www.desmog.com/2024/08/14/project-2025-billionaire-donor-heritage-foundation-donald-trump-jd-vance-charles-koch-peter-coors/

https://en.wikipedia.org/wiki/Unitary_executive_theory

https://www.hamiltonproject.org/publication/post/tariffs-are-a-particularly-bad-way-to-raise-revenue/

https://www.nytimes.com/2026/02/17/us/politics/ed-crane-dead.html