US Supreme Court rules against Trump’s tariffs

Feb 20, 2026 | INVESTING

In a consequential decision that most of the world awaited expectantly, with billions of dollars on the line, the US Supreme Court ruled Friday that US President Donald Trump’s tariffs were not legal, paving the way for massive refunds of well over US$100 billion already paid and the likelihood of a tumultuous adjustment.
The decision was the most significant setback yet for the administration from a High Court that has broadly accepted Trump’s expansive view of executive power.
The momentous…

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