Supreme Court Blocks Trump Tariffs, Prompting Modern Levy Threat
The U.S. Supreme Court has struck down a sweeping set of tariffs implemented by President Donald Trump, leading to a swift response from the former president who vowed to impose a temporary global tariff of 10%. The decision marks a significant moment in trade policy and underscores the ongoing debate over protectionist measures.
According to AP News, Trump announced his intention to implement the new tariff following the court’s ruling. The initial tariffs targeted a broad range of imported goods and were intended to protect domestic industries, but faced legal challenges arguing they exceeded presidential authority.
The Supreme Court’s decision has sparked immediate reactions from businesses and trade organizations. Although some companies expressed relief at the removal of the tariffs, others voiced concerns about potential instability as Trump threatens further levies. Radio-Canada reports that the ruling isn’t necessarily a clear win for Canadian businesses, as the landscape of trade policies remains uncertain.
The situation is further complicated by ongoing geopolitical tensions, with Trump also warning he is considering limited strikes as a proposed deal with Iran nears completion. This adds another layer of complexity to the economic outlook, as potential military action could disrupt global supply chains and energy markets.
Meanwhile, NBC News highlights that Trump continues to fill his administration with individuals who support his unsubstantiated claims of a stolen 2020 election. This raises questions about the future direction of policy and the potential for further political polarization.
In other news, Melania Trump has donated her white and black-trimmed inaugural ball gown to the Smithsonian, as reported by AP News. The gesture offers a small moment of normalcy amid the larger political and economic developments.
As of February 20, 2026, the market is closely watching the unfolding situation, with investors assessing the potential impact of the Supreme Court’s decision and Trump’s response on global trade and economic growth. The details of the proposed 10% tariff, including which goods would be affected and for how long, remain unclear.
The debate over tariffs and trade policy is likely to continue, with implications for businesses and consumers both domestically and internationally. La Presse reported that Trump reacted to the court’s decision with another tariff threat.
During a press briefing at the White House on Friday, February 20, 2026, President Trump also reportedly refused to answer a question from a journalist, stating, “I don’t speak to CNN, they are fake news,” according to TVA Nouvelles.
