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Many Republicans greeted the Friday morning decision with measured statements, some even praising it, and GOP leaders said they would work with Trump on tariffs going forward.
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Governments and companies around the world scrambled Saturday to determine the impact of the U.S. Supreme Court ruling that struck down some of the Trump administration sweeping global tariffs.
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The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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The Supreme Court on Friday struck down President Trump's tariffs. But the justices left a $133 billion question unanswered: What's going to happen to the money the government has already collected?
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Trump said in a social media post on that he was making the decision "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday," by the U.S. Supreme Court.
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Trump's response to Supreme Court tariff ruling opens new era of uncertainty The Washington PostSupreme Court gives Trump — and the rest of the GOP — a gift in disguise CNNTrump Says He Will Raise Global Tariff to 15 Percent The New York TimesIn Dallas, U.S. Treasury Secretary says Supreme Court ruling removes President Trump's ability to quickly leverage tariffs CBS NewsTrump ups tariffs to 15%. How much has Indiana paid so far? IndyS
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What's far less certain is the longer-reaching impacts as the economy and markets again adjust to a changing landscape.
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The president seems as intent on tariffs as ever and argues that his trade agenda is succeeding, despite little evidence to support it
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The Supreme Court decision striking down most of the Trump administration's tariffs adds fuel to a brushfire of concern among economists about the worsening federal debt outlook.
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The battle over the tariffs began on day one of the president's second term when he signed an executive order that let him impose a wide range of tariffs on virtually every U.S. trading partner.
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New CBO report shows national debt spiraling into uncharted territory by 2035—and Trump's tariff defeat will make the picture even worse FortuneWhy the Federal Deficit Is Projected to Surge, in Five Charts The Wall Street JournalThe Court Ruled. Now the CBO Needs to Update Its Revenue Projections National Review$1 Trillion Added to the Debt — What It Means for Gold GoldSilver
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Dow Jones Futures: All Eyes On Nvidia After Stock Market's Trump Tariff Rally Investor's Business DailyTraders brace for Trump's new tariff plan, possible Iran attack and Nvidia earnings CNBCStock Market News From Feb. 20, 2026: Dow Rises After Supreme Court Strikes Down Trump's Tariffs Barron'sInvestors await direction as stocks churn The Berkshire Eagle
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The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.
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Trump slams justices after Supreme Court strikes down most of his tariffs The Washington PostA defiant Trump vows new tariffs while fuming at Supreme Court CNN‘Murky Waters' for Global Businesses After Trump's Tariff Loss The New York TimesTrump's New Trade Agenda Is on a Collision Course With Midterms The Wall Street JournalTrump news at a glance: president lobs insults at US supreme court for striking down his global tariffs
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The ruling deals a major blow to his signature economic policy and represents a stinging political setback.
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President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
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The Supreme Court's decision striking down most of President Donald Trump's tariffs left at least one big question unanswered: What about refunds?
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President Trump was the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
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