U.S. Supreme Court rejects Trump tariffs LIVE | President announces new 10% tariff on U.S. trade partners
Kartavya Desk Staff
#### Key Updates • India now faces lower tariff rate of 10% • U.S. partners that struck deals with Trump now face 10% tariff: White House • What are Section 122, 301 and 232 tariffs Trump is considering? • ‘They’ll be paying tariffs, and we will not be paying tariffs’: Trump says no changes to India-U.S. deal post court ruling • U.S. Supreme Court rejects Trump's global tariffs • February 21, 2026 20:45 Germany's Merz expects lower tariff burden after U.S. court verdict on Trump tariffsGerman Chancellor Friedrich Merz said on Saturday he expected the tariff burden on the German economy to be lower after a U.S. Supreme Court ruling knocking down a large part of President Donald Trump’s trade tariffs.Speaking to Germany’s ARD broadcaster, Mr. Merz said there needed to be talks with Washington before German companies could recoup billions and said European Union countries would coordinate closely ahead of Merz’s upcoming trip to the U.S.“... we will have a very clear European position on this, because tariff policy is a matter for the European Union, not individual member states, and I will go to Washington with a coordinated European position,” he said.-Reuters German Chancellor Friedrich Merz said on Saturday he expected the tariff burden on the German economy to be lower after a U.S. Supreme Court ruling knocking down a large part of President Donald Trump’s trade tariffs. Speaking to Germany’s ARD broadcaster, Mr. Merz said there needed to be talks with Washington before German companies could recoup billions and said European Union countries would coordinate closely ahead of Merz’s upcoming trip to the U.S. “... we will have a very clear European position on this, because tariff policy is a matter for the European Union, not individual member states, and I will go to Washington with a coordinated European position,” he said. • February 21, 2026 20:19 Indonesia requests U.S. maintain tariff exemption on certain exports, minister saysIndonesia has requested for the U.S. to maintain 0% reciprocal tariff rates for a number of its exports, such as palm oil, coffee and cocoa, as previously agreed, Senior Economic Minister Airlangga Hartarto said on Saturday.He was speaking to reporters after Friday’s U.S. Supreme Court ruling against a broad set of the Trump administration’s tariffs.-Reuters Indonesia has requested for the U.S. to maintain 0% reciprocal tariff rates for a number of its exports, such as palm oil, coffee and cocoa, as previously agreed, Senior Economic Minister Airlangga Hartarto said on Saturday. He was speaking to reporters after Friday’s U.S. Supreme Court ruling against a broad set of the Trump administration’s tariffs. • February 21, 2026 19:44 France says EU has the tools to hit back at Trump over tariffsBrussels has the tools to hit back at the United States for its latest round of tariffs, France’s Trade Minister Nicolas Forissier told the Financial Times on Saturday.Paris was in talks with EU counterparts and the European Commission over U.S. President Donald Trump’s decision to impose a flat global tariff of 10% after the U.S. Supreme Court ruled that many of the existing tariffs he had levied on trading partners were illegal, Mr. Forissier said.“Should it become necessary, the EU has the appropriate instruments at its disposal,” Mr. Forissier told the FT.The EU response could include options such as the “trade bazooka”, an anti-coercion instrument (ACI) that could affect U.S. technology companies, the newspaper said, citing French officials.-Reuters Brussels has the tools to hit back at the United States for its latest round of tariffs, France’s Trade Minister Nicolas Forissier told the Financial Times on Saturday. Paris was in talks with EU counterparts and the European Commission over U.S. President Donald Trump’s decision to impose a flat global tariff of 10% after the U.S. Supreme Court ruled that many of the existing tariffs he had levied on trading partners were illegal, Mr. Forissier said. “Should it become necessary, the EU has the appropriate instruments at its disposal,” Mr. Forissier told the FT. The EU response could include options such as the “trade bazooka”, an anti-coercion instrument (ACI) that could affect U.S. technology companies, the newspaper said, citing French officials. • February 21, 2026 19:17 Clueless foreign policy or one-sided surrender?, asks Kharge on U.S. interim trade dealCongress president Mallikarjun Kharge on Saturday questioned the Modi government’s haste in falling into a ‘trap deal’ with the United States, asking why the government did not wait for the U.S. Supreme Court’s judgment on tariffs.“Clueless foreign policy or one-sided surrender? Why did the Modi Government not wait for the U.S. Supreme Court judgement on tariffs before rushing to fall into a TRAP DEAL, which extracted huge concessions from India?,” Mr. Kharge asked in a post on X.Mr. Kharge further said that the joint statement spoke of zero tariffs on several American exports to India, virtually opening up India’s agriculture to American goods. He noted that the deal also included plans to import $500 billion worth of U.S. goods, a commitment to stop purchasing Russian oil, which Mr. Kharge argued would harm India’s energy security, and several tax exemptions related to digital trade.-PTI Congress president Mallikarjun Kharge on Saturday questioned the Modi government’s haste in falling into a ‘trap deal’ with the United States, asking why the government did not wait for the U.S. Supreme Court’s judgment on tariffs. “Clueless foreign policy or one-sided surrender? Why did the Modi Government not wait for the U.S. Supreme Court judgement on tariffs before rushing to fall into a TRAP DEAL, which extracted huge concessions from India?,” Mr. Kharge asked in a post on X. Mr. Kharge further said that the joint statement spoke of zero tariffs on several American exports to India, virtually opening up India’s agriculture to American goods. He noted that the deal also included plans to import $500 billion worth of U.S. goods, a commitment to stop purchasing Russian oil, which Mr. Kharge argued would harm India’s energy security, and several tax exemptions related to digital trade. • February 21, 2026 18:11 Supreme Court ruling offers little relief for Republicans divided on Trump’s tariffsFor a few hours on Friday, congressional Republicans seemed to get some relief from one of the largest points of friction they have had with the Trump administration. It didn’t last.The Supreme Court struck down a significant portion of President Donald Trump’s global tariff regime, ruling that the power to impose taxes lies with Congress. 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.Tariffs have been one of the only areas where the Republican-controlled Congress has broken with Trump. Both the House and Senate at various points had passed resolutions intended to rebuke the tariffs being imposed on trade partners like Canada. It’s also one of the few issues where Republican lawmakers, who came of age in a party that largely championed free trade, have voiced criticism of Trump’s economic policies.“The empty merits of sweeping trade wars with America’s friends were evident long before today’s decision,” Sen. Mitch McConnell, the former longtime Senate Republican leader, said in a statement, adding that tariffs raise the prices of homes and disrupt other industries important to his home state of Kentucky.Republican Sen. Bernie Moreno, an Ohio freshman, slammed the Supreme Court’s ruling on Friday and called for GOP lawmakers to “codify the tariffs that had made our country the hottest country on earth!”A few Republican opponents of the tariffs, meanwhile, openly cheered the Supreme Court’s decision. Rep. Don Bacon, a critic of the administration who is not seeking reelection, said on social media that “Congress must stand on its own two feet, take tough votes and defend its authorities.”-AP For a few hours on Friday, congressional Republicans seemed to get some relief from one of the largest points of friction they have had with the Trump administration. It didn’t last. The Supreme Court struck down a significant portion of President Donald Trump’s global tariff regime, ruling that the power to impose taxes lies with Congress. 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. Tariffs have been one of the only areas where the Republican-controlled Congress has broken with Trump. Both the House and Senate at various points had passed resolutions intended to rebuke the tariffs being imposed on trade partners like Canada. It’s also one of the few issues where Republican lawmakers, who came of age in a party that largely championed free trade, have voiced criticism of Trump’s economic policies. “The empty merits of sweeping trade wars with America’s friends were evident long before today’s decision,” Sen. Mitch McConnell, the former longtime Senate Republican leader, said in a statement, adding that tariffs raise the prices of homes and disrupt other industries important to his home state of Kentucky. Republican Sen. Bernie Moreno, an Ohio freshman, slammed the Supreme Court’s ruling on Friday and called for GOP lawmakers to “codify the tariffs that had made our country the hottest country on earth!” A few Republican opponents of the tariffs, meanwhile, openly cheered the Supreme Court’s decision. Rep. Don Bacon, a critic of the administration who is not seeking reelection, said on social media that “Congress must stand on its own two feet, take tough votes and defend its authorities.” • February 21, 2026 17:42 Indian Government weighing impact of U.S. Supreme Court tariff ruling: Commerce MinistryThe Indian government is studying the developments on the U.S. tariffs and their implications, the Commerce Ministry said on Saturday (February 21, 2026).“We have noted the U.S. Supreme Court judgement on tariffs yesterday (Friday). U.S. President Donald Trump has also addressed a press conference in this regard. Some steps have been announced by the U.S. administration. We are studying all these developments for their implications,” the Ministry said.In a major setback to Mr. Trump’s pivotal economic agenda for his second term, the U.S. Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the President on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies.Later, Mr. Trump’s proclamation, dated February 20, said: “I impose, for a period of 150 days, a temporary import surcharge of 10% ad valorem on articles imported into the United States, effective February 24, 2026”.Read the story hereIndian Government weighing impact of U.S. Supreme Court tariff ruling: Commerce MinistryIndia's Commerce Ministry is analyzing U.S. tariff developments following the Supreme Court's rejection of Trump's global tariffs. The Indian government is studying the developments on the U.S. tariffs and their implications, the Commerce Ministry said on Saturday (February 21, 2026). “We have noted the U.S. Supreme Court judgement on tariffs yesterday (Friday). U.S. President Donald Trump has also addressed a press conference in this regard. Some steps have been announced by the U.S. administration. We are studying all these developments for their implications,” the Ministry said. In a major setback to Mr. Trump’s pivotal economic agenda for his second term, the U.S. Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the President on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, Mr. Trump’s proclamation, dated February 20, said: “I impose, for a period of 150 days, a temporary import surcharge of 10% ad valorem on articles imported into the United States, effective February 24, 2026”. Read the story here ### Indian Government weighing impact of U.S. Supreme Court tariff ruling: Commerce Ministry India's Commerce Ministry is analyzing U.S. tariff developments following the Supreme Court's rejection of Trump's global tariffs. • February 21, 2026 16:43 PM should put India-U.S. trade agreement on hold, renegotiate terms of deal: CongressWith the American Supreme Court striking down President Donald Trump’s global tariffs, the Congress on Saturday (February 21, 2026) demanded that Prime Minister Narendra Modi should put the India-U.S. interim trade agreement on hold and renegotiate the terms of the deal.Congress general secretary in-charge communications Jairam Ramesh said the government must state categorically that there will be no import liberalisation till clear cut clarifications from the American side and ensure that Indian farmers’ interests are not hurt.Speaking with reporters, Mr. Ramesh sought clarifications from the government on the India-U.S. interim trade deal and called for renegotiating the deal afresh. He asked Mr. Modi to clarify whether he agrees with Mr. Trump’s statement that nothing changes in the trade deal with India.Asserting that the India-U.S. interim agreement will adversely affect farmers, Mr. Ramesh said the government should put this deal on hold till clarifications are made.-PTI With the American Supreme Court striking down President Donald Trump’s global tariffs, the Congress on Saturday (February 21, 2026) demanded that Prime Minister Narendra Modi should put the India-U.S. interim trade agreement on hold and renegotiate the terms of the deal. Congress general secretary in-charge communications Jairam Ramesh said the government must state categorically that there will be no import liberalisation till clear cut clarifications from the American side and ensure that Indian farmers’ interests are not hurt. Speaking with reporters, Mr. Ramesh sought clarifications from the government on the India-U.S. interim trade deal and called for renegotiating the deal afresh. He asked Mr. Modi to clarify whether he agrees with Mr. Trump’s statement that nothing changes in the trade deal with India. Asserting that the India-U.S. interim agreement will adversely affect farmers, Mr. Ramesh said the government should put this deal on hold till clarifications are made. • February 21, 2026 16:25 Govt studying implications of U.S. Supreme Court judgement on tariffs: Ministry of Commerce & Industry Ministry of Commerce & Industry stated in a statement that the govt is studying implications of U.S. Supreme Court judgement on tariffs. It has said,”We have noted the U.S. Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the U.S. Administration. We are studying all these developments for their implications.” Ministry of Commerce & Industry stated in a statement that the govt is studying implications of U.S. Supreme Court judgement on tariffs. It has said,”We have noted the U.S. Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the U.S. Administration. We are studying all these developments for their implications.” • February 21, 2026 15:11 Macron says U.S. Supreme Court tariff ruling shows it is good to have counterweights to power in democraciesFrench President Emmanuel Macron said on Saturday (February 21, 2026) that the U.S. Supreme Court ruling on President Donald Trump’s trade tariffs shows that it is good to have counterweights to power and the rule of law in democracies. “It is not bad to have a Supreme Court and, therefore, the rule of law,” he said at the annual agricultural salon in Paris, in response to a question about Friday’s ruling by the U.S. Supreme Court that tariffs imposed by President Donald Trump under an economic emergency law were illegal.“It is good to have power and counterweights to power in democracies,” Mr. Macron said.- Reuters French President Emmanuel Macron said on Saturday (February 21, 2026) that the U.S. Supreme Court ruling on President Donald Trump’s trade tariffs shows that it is good to have counterweights to power and the rule of law in democracies. “It is not bad to have a Supreme Court and, therefore, the rule of law,” he said at the annual agricultural salon in Paris, in response to a question about Friday’s ruling by the U.S. Supreme Court that tariffs imposed by President Donald Trump under an economic emergency law were illegal. “It is good to have power and counterweights to power in democracies,” Mr. Macron said.- Reuters • February 21, 2026 13:08 Congress claims U.S. trade deal has become an 'ordeal', Rahul says 'PM compromised'After the U.S. Supreme Court struck down President Donald Trump’s global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being “compromised”, saying his “betrayal” in the India-U.S. interim trade deal stood exposed.The Congress alleged that the trade deal had become an “ordeal” for the country subjected to by the Prime Minister’s “desperation and surrender”.“The PM is compromised. His betrayal now stands exposed. He can’t renegotiate. He will surrender again,” Mr. Gandhi said in a post on X.- PTI After the U.S. Supreme Court struck down President Donald Trump’s global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being “compromised”, saying his “betrayal” in the India-U.S. interim trade deal stood exposed. The Congress alleged that the trade deal had become an “ordeal” for the country subjected to by the Prime Minister’s “desperation and surrender”. “The PM is compromised. His betrayal now stands exposed. He can’t renegotiate. He will surrender again,” Mr. Gandhi said in a post on X.- PTI • February 21, 2026 12:19 Indian-origin lawyer Neal Katyal played important role in landmark U.S. Supreme Court verdict against Trump tariffsAt the centre of the landmark U.S. Supreme Court verdict striking down President Donald Trump’s sweeping global tariffs is an Indian-origin lawyer who argued before America’s highest court about the illegality of the levies.Neal Katyal, the son of Indian immigrants and the former Acting Solicitor General of the United States under President Barack Obama, argued the consequential tariff case on behalf of small businesses and won.Indian-origin lawyer Neal Katyal at centre of landmark U.S. Supreme Court verdict against Trump tariffsIndian-origin lawyer Neal Katyal wins landmark U.S. Supreme Court case, striking down Trump's tariffs and championing small businesses. At the centre of the landmark U.S. Supreme Court verdict striking down President Donald Trump’s sweeping global tariffs is an Indian-origin lawyer who argued before America’s highest court about the illegality of the levies. Neal Katyal, the son of Indian immigrants and the former Acting Solicitor General of the United States under President Barack Obama, argued the consequential tariff case on behalf of small businesses and won. ### Indian-origin lawyer Neal Katyal at centre of landmark U.S. Supreme Court verdict against Trump tariffs Indian-origin lawyer Neal Katyal wins landmark U.S. Supreme Court case, striking down Trump's tariffs and championing small businesses. • February 21, 2026 12:08 Reciprocal tariffs are gone, but several other U.S. tariffs are still hitting Indian exporters“The ruling invalidates country-specific “reciprocal tariffs” and fentanyl-linked duties imposed on imports from major trading partners,” Ajay Srivastava, founder of the think-tank Global Trade Research Initiative said. “The decision effectively renders recent trade deals initiated or concluded by the United States with the UK, Japan, the EU, Malaysia, Indonesia, Vietnam and India one-sided and useless. Partner countries may now find reasons to dump these deals.”Reciprocal tariffs are gone, but several other U.S. tariffs are still hitting Indian exportersU.S. tariffs remain on Indian exports despite the Supreme Court striking down reciprocal tariffs, affecting various sectors and trade deals. “The ruling invalidates country-specific “reciprocal tariffs” and fentanyl-linked duties imposed on imports from major trading partners,” Ajay Srivastava, founder of the think-tank Global Trade Research Initiative said. “The decision effectively renders recent trade deals initiated or concluded by the United States with the UK, Japan, the EU, Malaysia, Indonesia, Vietnam and India one-sided and useless. Partner countries may now find reasons to dump these deals.” ### Reciprocal tariffs are gone, but several other U.S. tariffs are still hitting Indian exporters U.S. tariffs remain on Indian exports despite the Supreme Court striking down reciprocal tariffs, affecting various sectors and trade deals. • February 21, 2026 11:28 Murky outlook for businesses after tariff ruling prompts countermoves by TrumpBusinesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Mr. Trump vowed to work around the ruling to keep his tariffs in place.The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many U.S. businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs.It remains to be seen how much relief businesses and consumers will actually get from Friday’s ruling. Within hours of the court’s decision, Mr. Trump pledged to use a different law to impose a 10% tariff on all imports that would last 150 days, and to explore other ways to impose additional tariffs on countries he says engage in unfair trade practices.- AP Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Mr. Trump vowed to work around the ruling to keep his tariffs in place. The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many U.S. businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs. It remains to be seen how much relief businesses and consumers will actually get from Friday’s ruling. Within hours of the court’s decision, Mr. Trump pledged to use a different law to impose a 10% tariff on all imports that would last 150 days, and to explore other ways to impose additional tariffs on countries he says engage in unfair trade practices.- AP • February 21, 2026 11:08 Trump's proclamation imposes 'import surcharge of 10%' for 150 daysIndia now faces lower tariff rate of 10% with Trump’s proclamation on new levies after U.S. Supreme Court verdictIndia benefits from a reduced 10% tariff rate after Trump's new import surcharge following a Supreme Court ruling against his tariffs. ### India now faces lower tariff rate of 10% with Trump’s proclamation on new levies after U.S. Supreme Court verdict India benefits from a reduced 10% tariff rate after Trump's new import surcharge following a Supreme Court ruling against his tariffs. • February 21, 2026 10:53 India now faces lower tariff rate of 10%India now faces a lower tariff rate of 10%, down from 18%, after U.S. President Donald Trump on Friday (February 20, 2026) announced a new global levy in the wake of the Supreme Court verdict against his tariffs. The proclamation said a “temporary import surcharge of 10% ad valorem” on articles imported into the U.S. is effective for a period of 150 days starting February 24.PTI India now faces a lower tariff rate of 10%, down from 18%, after U.S. President Donald Trump on Friday (February 20, 2026) announced a new global levy in the wake of the Supreme Court verdict against his tariffs. The proclamation said a “temporary import surcharge of 10% ad valorem” on articles imported into the U.S. is effective for a period of 150 days starting February 24. • February 21, 2026 10:29 Trump's new tariffs underscore Hong Kong's advantages: city officialPresident Donald Trump’s decision to add a new 10% tariff on imports going into the U.S. will benefit Hong Kong as a trade hub, a senior official in the city said on Saturday (February 21, 2026).Christopher Hui, the Secretary for financial services and the Treasury, called the tariff situation in the U.S. a “fiasco” during an interview with Commercial Radio Hong Kong. The new levy serves to underscore Hong Kong’s “unique trade advantages”, he added.Reuters President Donald Trump’s decision to add a new 10% tariff on imports going into the U.S. will benefit Hong Kong as a trade hub, a senior official in the city said on Saturday (February 21, 2026). Christopher Hui, the Secretary for financial services and the Treasury, called the tariff situation in the U.S. a “fiasco” during an interview with Commercial Radio Hong Kong. The new levy serves to underscore Hong Kong’s “unique trade advantages”, he added. • February 21, 2026 10:18 Democrats demand refunds after U.S. Supreme Court tosses Trump tariffsDemocrats demand refunds after U.S. Supreme Court tosses Trump tariffsDemocrats, led by Governor Pritzker, demand nearly $9 billion in tariff refunds after Supreme Court ruling against Trump's tariffs. ### Democrats demand refunds after U.S. Supreme Court tosses Trump tariffs Democrats, led by Governor Pritzker, demand nearly $9 billion in tariff refunds after Supreme Court ruling against Trump's tariffs. • February 21, 2026 09:50 U.S. trade deal has become an ordeal: Congress slams PM ModiAs the U.S. Supreme Court struck down President Donald Trump’s global tariffs, the Congress on Saturday (February 21, 2026) alleged that the India-U.S. interim trade deal is an “ordeal” the country is being subjected to by Prime Minister Narendra Modi’s “desperation and surrender”.Congress general secretary in-charge communications Jairam Ramesh also claimed that if Prime Minister Modi had not been so “desperate” to protect his fragile image and waited just 18 days more, Indian farmers would have been saved their agony and distress, and Indian sovereignty would have been protected. As the U.S. Supreme Court struck down President Donald Trump’s global tariffs, the Congress on Saturday (February 21, 2026) alleged that the India-U.S. interim trade deal is an “ordeal” the country is being subjected to by Prime Minister Narendra Modi’s “desperation and surrender”. Congress general secretary in-charge communications Jairam Ramesh also claimed that if Prime Minister Modi had not been so “desperate” to protect his fragile image and waited just 18 days more, Indian farmers would have been saved their agony and distress, and Indian sovereignty would have been protected. • February 21, 2026 09:25 Will Govt. now protect national interests, asks Congress' Randeep Surjewala Congress leader Randeep Surjewala on Saturday (February 21, 2026), in a post on the U.S. Supreme Court ruling rejecting Trump’s tariffs, raised a “directly related” question: “Will the Modi Government now show the courage to walk out of a one-sided U.S.-India Trade Deal”Elaborating on Sections 122, 232 and 301, he referenced the India-U.S. trade deal and asked whether the government will “protect national interests”.This comes after U.S. President Trump said nothing changes with the trade agreement and that India would be paying tariffs, while U.S. will not do so. Congress leader Randeep Surjewala on Saturday (February 21, 2026), in a post on the U.S. Supreme Court ruling rejecting Trump’s tariffs, raised a “directly related” question: “Will the Modi Government now show the courage to walk out of a one-sided U.S.-India Trade Deal” Elaborating on Sections 122, 232 and 301, he referenced the India-U.S. trade deal and asked whether the government will “protect national interests”. This comes after U.S. President Trump said nothing changes with the trade agreement and that India would be paying tariffs, while U.S. will not do so. • February 21, 2026 09:14 Illinois governor demands refund, sends invoice marked 'Past Due—Delinquent'Illinois Governor J.B. Pritzker is demanding a refund. The Democrat’s gubernatorial campaign has released a letter addressed to President Trump — with an attached invoice for $8.68 billion — following the Supreme Court’s ruling on tariffs.“Your tariff taxes wreaked havoc on farmers, enraged our allies and sent grocery prices through the roof,” wrote Mr. Pritzker, who’s eyed as a 2028 presidential contender and has repeatedly sparred with the President. “This morning, your hand-picked Supreme Court justices notified you that they are also unconstitutional.” The invoice, marked “Past Due—Delinquent,” sets the tariffs’ cost at $1,700 for each of the state’s 5.11 million households, a total of $8,679,261,600.Mr. Pritzker says failure to pay will elicit “further action.”AP Illinois Governor J.B. Pritzker is demanding a refund. The Democrat’s gubernatorial campaign has released a letter addressed to President Trump — with an attached invoice for $8.68 billion — following the Supreme Court’s ruling on tariffs. “Your tariff taxes wreaked havoc on farmers, enraged our allies and sent grocery prices through the roof,” wrote Mr. Pritzker, who’s eyed as a 2028 presidential contender and has repeatedly sparred with the President. “This morning, your hand-picked Supreme Court justices notified you that they are also unconstitutional.” The invoice, marked “Past Due—Delinquent,” sets the tariffs’ cost at $1,700 for each of the state’s 5.11 million households, a total of $8,679,261,600. Mr. Pritzker says failure to pay will elicit “further action.” • February 21, 2026 08:58 'No changes; they pay tariffs, we don't,' Trump says on deal with India • February 21, 2026 08:43 'Uncertainty, confusion', but U.S. economic ties with ASEAN remain strong: business groupThe head of the U.S.-ASEAN Business Council has said the ruling adds “uncertainty and confusion” but it is not a deal breaker for U.S.-ASEAN economic ties.“At the end of the day, Southeast Asian leaders are deeply pragmatic; they recognise the scale of the U.S. market and the quality and staying power of U.S. investments,” said Brian McFeeters, president and CEO of the business council.He said the broader trajectory remains “firmly intact.” ASEAN is a grouping of ten governments in Southeast Asia.Indonesia, Malaysia and Cambodia have reached trade agreements with the Trump administration.AP The head of the U.S.-ASEAN Business Council has said the ruling adds “uncertainty and confusion” but it is not a deal breaker for U.S.-ASEAN economic ties. “At the end of the day, Southeast Asian leaders are deeply pragmatic; they recognise the scale of the U.S. market and the quality and staying power of U.S. investments,” said Brian McFeeters, president and CEO of the business council. He said the broader trajectory remains “firmly intact.” ASEAN is a grouping of ten governments in Southeast Asia. Indonesia, Malaysia and Cambodia have reached trade agreements with the Trump administration. • February 21, 2026 08:22 Supreme Court tariff ruling makes over $175 billion in U.S. revenue subject to refunds: estimatesMore than $175 billion in U.S. tariff collections are subject to potential refunds after the U.S. Supreme Court struck down President Donald Trump’s broad emergency tariffs, Penn-Wharton Budget Model economists said.Their estimate was derived from a ground-up forecasting model that uses tariff rates by product and country for specific duties imposed by Trump, including those under the International Emergency Economic Powers Act (IEEPA), said Lysle Boller, senior economist for Penn-Wharton Budget Model (PWBM), a non-partisan fiscal research group at the University of Pennsylvania.“The Supreme Court did not talk explicitly about the $175 billion in tariffs that could potentially be refunded. On the other hand, their ruling today clearly does open that door for those refunds to be demanded,” PWBM director Kent Smetters said.Reuters More than $175 billion in U.S. tariff collections are subject to potential refunds after the U.S. Supreme Court struck down President Donald Trump’s broad emergency tariffs, Penn-Wharton Budget Model economists said. Their estimate was derived from a ground-up forecasting model that uses tariff rates by product and country for specific duties imposed by Trump, including those under the International Emergency Economic Powers Act (IEEPA), said Lysle Boller, senior economist for Penn-Wharton Budget Model (PWBM), a non-partisan fiscal research group at the University of Pennsylvania. “The Supreme Court did not talk explicitly about the $175 billion in tariffs that could potentially be refunded. On the other hand, their ruling today clearly does open that door for those refunds to be demanded,” PWBM director Kent Smetters said. • February 21, 2026 07:24 USTR expects new Section 301 probes to cover most major trading partnersU.S. Trade Representative Jamieson Greer said his office would launch several new investigations under the Section 301 trade provision, covering most major trading partners and areas such as pharmaceutical product pricing.Mr. Greer said the administration was confident that all trade deals negotiated by President Donald Trump would stay in effect after the Supreme Court struck down on tariffs ranging from 10% to 50% imposed under the International Emergency Economic Powers Act (IEEPA).On Friday (February 21, 2026), Mr. Trump imposed a temporary global import duty of 10% for 150 days, and said he would order USTR to open new investigations under Section 301 of the Trade Act of 1974, but gave no details.Reuters U.S. Trade Representative Jamieson Greer said his office would launch several new investigations under the Section 301 trade provision, covering most major trading partners and areas such as pharmaceutical product pricing. Mr. Greer said the administration was confident that all trade deals negotiated by President Donald Trump would stay in effect after the Supreme Court struck down on tariffs ranging from 10% to 50% imposed under the International Emergency Economic Powers Act (IEEPA). On Friday (February 21, 2026), Mr. Trump imposed a temporary global import duty of 10% for 150 days, and said he would order USTR to open new investigations under Section 301 of the Trade Act of 1974, but gave no details. • February 21, 2026 07:11 U.S. partners that struck deals with Trump now face 10% tariff: White HouseU.S. trading partners that have reached tariff deals with President Donald Trump’s administration will now also face a 10% duty, despite higher levels they may have agreed on previously, the White House said Friday (February 20, 2026).This comes as the Supreme Court struck down Mr. Trump’s country-specific tariffs imposed using emergency economic powers.“This is, however, only temporary as the administration will be pursuing other legal authorities to implement more appropriate or pre-negotiated tariff rates,” a White House official told AFP.U.S. partners that struck deals with Trump now face 10% tariff, says White HouseU.S. trading partners face a new 10% tariff after Trump signs order, following a Supreme Court ruling on previous tariffs. U.S. trading partners that have reached tariff deals with President Donald Trump’s administration will now also face a 10% duty, despite higher levels they may have agreed on previously, the White House said Friday (February 20, 2026). This comes as the Supreme Court struck down Mr. Trump’s country-specific tariffs imposed using emergency economic powers. “This is, however, only temporary as the administration will be pursuing other legal authorities to implement more appropriate or pre-negotiated tariff rates,” a White House official told AFP. ### U.S. partners that struck deals with Trump now face 10% tariff, says White House U.S. trading partners face a new 10% tariff after Trump signs order, following a Supreme Court ruling on previous tariffs. • February 21, 2026 06:19 Should prepare for new, blunter mechanisms: Canada on U.S. tariff rulingCanadian International Trade Minister Dominic LeBlanc said the U.S. Supreme Court ruling reinforces Ottawa’s position that the levies were “unjustified.”But he noted that the tariffs causing the most pain in Canada -- sector-specific measures affecting the steel, aluminum and auto industries -- remained in force.The Canadian Chamber of Commerce cautioned against viewing the court’s decision as “a reset of U.S. trade policy.”“Canada should prepare for new, blunter mechanisms to be used to reassert trade pressure, potentially with broader and more disruptive effects,” the chamber’s President Candace Laing, said in a statement.AFP Canadian International Trade Minister Dominic LeBlanc said the U.S. Supreme Court ruling reinforces Ottawa’s position that the levies were “unjustified.” But he noted that the tariffs causing the most pain in Canada -- sector-specific measures affecting the steel, aluminum and auto industries -- remained in force. The Canadian Chamber of Commerce cautioned against viewing the court’s decision as “a reset of U.S. trade policy.” “Canada should prepare for new, blunter mechanisms to be used to reassert trade pressure, potentially with broader and more disruptive effects,” the chamber’s President Candace Laing, said in a statement. • February 21, 2026 05:16 What are Section 122, 301 and 232 tariffs Trump is considering?U.S. President Donald Trump alluded to Section 301, 232 and 122 tariffs during his press conference after the U.S. Supreme Court said his use of emergency powers granted by them was unlawfully used to impose sweeping tariffs on imports.Mr Trump used the IEEP to impose ‘reciprocal tariffs’ on countries on April 2, 2025. He had imposed IEEP based tariffs on Mexico, China and Canada for failing, he said, to adequately control the flow of migrants and fentanyl into the U.S. Mr. Trump said he would explore “other alternatives” to work around the Supreme Court decision. Read more: What are Section 122, 301 and 232 tariffs Trump is considering?Explore Trump's consideration of Section 122, 301, and 232 tariffs amid legal challenges and trade negotiations with various countries. U.S. President Donald Trump alluded to Section 301, 232 and 122 tariffs during his press conference after the U.S. Supreme Court said his use of emergency powers granted by them was unlawfully used to impose sweeping tariffs on imports. Mr Trump used the IEEP to impose ‘reciprocal tariffs’ on countries on April 2, 2025. He had imposed IEEP based tariffs on Mexico, China and Canada for failing, he said, to adequately control the flow of migrants and fentanyl into the U.S. Mr. Trump said he would explore “other alternatives” to work around the Supreme Court decision. Read more: ### What are Section 122, 301 and 232 tariffs Trump is considering? Explore Trump's consideration of Section 122, 301, and 232 tariffs amid legal challenges and trade negotiations with various countries. • February 21, 2026 04:41 ‘They’ll be paying tariffs, and we will not be paying tariffs’: Trump says no changes to India-U.S. deal post court rulingU.S. President Donald Trump confirmed that there were no changes to the parameters of the U.S.-India trade deal announced on February 2, following the U.S. Supreme Court’s ruling on Friday (February 20, 2026) that the President’ s ‘reciprocal tariffs’ were unlawful.Read more:‘They’ll be paying tariffs, and we will not be paying tariffs’: Trump says no changes to India-U.S. deal post court rulingTrump asserts no changes to the U.S.-India trade deal post-Supreme Court ruling, emphasizing tariffs on India remain in place. U.S. President Donald Trump confirmed that there were no changes to the parameters of the U.S.-India trade deal announced on February 2, following the U.S. Supreme Court’s ruling on Friday (February 20, 2026) that the President’ s ‘reciprocal tariffs’ were unlawful. Read more: ### ‘They’ll be paying tariffs, and we will not be paying tariffs’: Trump says no changes to India-U.S. deal post court ruling Trump asserts no changes to the U.S.-India trade deal post-Supreme Court ruling, emphasizing tariffs on India remain in place. • February 21, 2026 02:29 U.S. Supreme Court tariff ruling was really important for Brazil, says V-P AlckminBrazil’s Vice-President Geraldo Alckmin said the U.S. Supreme Court ruling that struck down President Donald Trump’s sweeping tariffs was really important for the South American country, as it removed levies specifically targeting the nation.Speaking at a press conference, Alckmin, who also serves as Brazil’s development, industry and trade minister, called for caution amid upcoming developments from the ruling and said the country intends to keep negotiating trade and non-trade issues with Washington.-Reuters Brazil’s Vice-President Geraldo Alckmin said the U.S. Supreme Court ruling that struck down President Donald Trump’s sweeping tariffs was really important for the South American country, as it removed levies specifically targeting the nation. Speaking at a press conference, Alckmin, who also serves as Brazil’s development, industry and trade minister, called for caution amid upcoming developments from the ruling and said the country intends to keep negotiating trade and non-trade issues with Washington. • February 21, 2026 01:08 Germany says in 'contact' with U.S. after Supreme Court tariffs ruling Germany said it was in “close contact” with the U.S. and wanted “stability” in trade links, after the Supreme Court ruled illegal most of President Donald Trump’s tariffs on foreign trade.The government “has noted the decision of the Supreme Court. We remain in close contact with the American government to obtain clarifications on the next steps to take to guarantee stability and predictability in commercial relations,” said a government spokesman in a statement sent to AFP. Germany said it was in “close contact” with the U.S. and wanted “stability” in trade links, after the Supreme Court ruled illegal most of President Donald Trump’s tariffs on foreign trade. The government “has noted the decision of the Supreme Court. We remain in close contact with the American government to obtain clarifications on the next steps to take to guarantee stability and predictability in commercial relations,” said a government spokesman in a statement sent to AFP. • February 21, 2026 00:56 Trump suggests most negotiated trade deals with U.S. still validU.S. President Donald Trump suggested that most trade deals negotiated under the threat of his tariffs remained valid, mentioning specifically India, despite the Supreme Court ruling those levies illegal.“The India deal is on,” Mr. Trump told reporters in response to a question, while suggesting tariffs under separate authorities would replace the ones overturned by the Supreme Court. “All the deals -- we’re just going to do it a different way.”-AFP U.S. President Donald Trump suggested that most trade deals negotiated under the threat of his tariffs remained valid, mentioning specifically India, despite the Supreme Court ruling those levies illegal. “The India deal is on,” Mr. Trump told reporters in response to a question, while suggesting tariffs under separate authorities would replace the ones overturned by the Supreme Court. “All the deals -- we’re just going to do it a different way.” • February 21, 2026 00:55 Trump says any tariff refunds could take years to litigatePresident Donald Trump said that it was not clear if or when there would be any refunds after the U.S. Supreme Court struck down his sweeping tariffs, adding that the matter could take years to litigate.- Reuters President Donald Trump said that it was not clear if or when there would be any refunds after the U.S. Supreme Court struck down his sweeping tariffs, adding that the matter could take years to litigate. • February 21, 2026 00:54 Trump says some trade tariffs won't standU.S. President Donald Trump said that some trade tariffs imposed by the U.S. under a law meant for national emergencies would not stand, adding that they would be replaced by other tariffs.-Reuters U.S. President Donald Trump said that some trade tariffs imposed by the U.S. under a law meant for national emergencies would not stand, adding that they would be replaced by other tariffs. • February 21, 2026 00:53 Trump says tariff refund issue could end up in courts for yearsUS President Donald Trump said today it may take years to resolve the legal issue of whether some $133 billion taken in from his tariffs must be refunded.Mr. Trump said the issue was “not discussed” in the U.S. Supreme Court’s ruling declaring his global tariffs to be illegal, adding: “We’ll end up being in court for the next five years.”- AFP US President Donald Trump said today it may take years to resolve the legal issue of whether some $133 billion taken in from his tariffs must be refunded. Mr. Trump said the issue was “not discussed” in the U.S. Supreme Court’s ruling declaring his global tariffs to be illegal, adding: “We’ll end up being in court for the next five years.” • February 21, 2026 00:52 Trump says he used tariffs to end war between IndiaUS President Donald Trump on Friday said he used tariffs to end the war between India and Pakistan, as he lashed out at the Supreme Court for its decision to strike down his sweeping tariffs imposed on countries around the world.- PTI US President Donald Trump on Friday said he used tariffs to end the war between India and Pakistan, as he lashed out at the Supreme Court for its decision to strike down his sweeping tariffs imposed on countries around the world. • February 21, 2026 00:36 Trump says Vietnamese leader told him even more U.S. tariffs could follow court rulingPresident Donald Trump told a briefing that he met with Vietnam’s top leader To Lam today, and quoted him as saying that the U.S. could impose even more tariffs after the Supreme Court’s ruling.-Reuters President Donald Trump told a briefing that he met with Vietnam’s top leader To Lam today, and quoted him as saying that the U.S. could impose even more tariffs after the Supreme Court’s ruling. • February 21, 2026 00:22 Trump announces new 10% global tariff President Donald Trump announced today that he was imposing an extra global tariff of 10% on U.S. trade partners.Speaking to reporters after the Supreme Court ruled his sweeping global tariffs illegal, Trump said he would impose tariffs using alternative authorities.“The Supreme Court’s decision today made a president’s ability to both regulate trade and impose tariffs more powerful and more crystal clear, rather than less,” he said.-AFP President Donald Trump announced today that he was imposing an extra global tariff of 10% on U.S. trade partners. Speaking to reporters after the Supreme Court ruled his sweeping global tariffs illegal, Trump said he would impose tariffs using alternative authorities. “The Supreme Court’s decision today made a president’s ability to both regulate trade and impose tariffs more powerful and more crystal clear, rather than less,” he said. • February 21, 2026 00:17 Trump vows alternatives to tariffs struck down by Supreme CourtU.S. President Donald Trump vowed today use other methods to reinstate sweeping tariffs that the Supreme Court struck down, shortly after the rebuke of his signature economic policy.“Other alternatives will now be used to replace the ones that the court incorrectly rejected,” Mr. Trump told a press conference, adding that these options could also bring in more revenue.-AFP U.S. President Donald Trump vowed today use other methods to reinstate sweeping tariffs that the Supreme Court struck down, shortly after the rebuke of his signature economic policy. “Other alternatives will now be used to replace the ones that the court incorrectly rejected,” Mr. Trump told a press conference, adding that these options could also bring in more revenue. • February 21, 2026 00:05 U.S. Supreme Court swayed by 'foreign interests' in tariff ruling: TrumpU.S. President Donald Trump today accused the country’s Supreme Court of being influenced by “foreign interests” after it ruled that his sweeping global tariffs are illegal.“It’s my opinion that the court has been swayed by foreign interests,” Mr. Trump told journalists.-AFP U.S. President Donald Trump today accused the country’s Supreme Court of being influenced by “foreign interests” after it ruled that his sweeping global tariffs are illegal. “It’s my opinion that the court has been swayed by foreign interests,” Mr. Trump told journalists. • February 21, 2026 00:00 Trump says Supreme Court ruling against his tariffs 'deeply disappointing'President Donald Trump today said the U.S. Supreme Court’s ruling that struck down his sweeping tariffs was “deeply disappointing” and that he was “absolutely ashamed” by the justices who ruled against him in the 6-3 decision.-Reuters President Donald Trump today said the U.S. Supreme Court’s ruling that struck down his sweeping tariffs was “deeply disappointing” and that he was “absolutely ashamed” by the justices who ruled against him in the 6-3 decision. • February 20, 2026 23:26 Trump relies on IEEPA as justification of taiffTrump relied on the 1977 International Emergency Economic Powers Act, or IEEPA, as justification for a historic barrage of tariffs, even though that law contains no mention of tariffs.IEEPA, which allows the president to seize assets and block transactions during a national emergency, was first used during the Iran hostage crisis. It has since been invoked for a range of global unrest, from the 9/11 attacks to the Syrian civil war.-AP Trump relied on the 1977 International Emergency Economic Powers Act, or IEEPA, as justification for a historic barrage of tariffs, even though that law contains no mention of tariffs. IEEPA, which allows the president to seize assets and block transactions during a national emergency, was first used during the Iran hostage crisis. It has since been invoked for a range of global unrest, from the 9/11 attacks to the Syrian civil war. • February 20, 2026 22:53 Exporters hail U.S. Supreme Court's decision on Trump tariffIndian exporters have welcomed the U.S. Supreme Court’s decision striking down tariffs imposed by President Donald Trump, saying the move is a big relief to domestic firms affected by the country-specific duties.Think tank Global Trade Research Initiative (GTRI) said that following this ruling, the U.S. should remove the 25% reciprocal tariffs on India, then about 55% of India’s exports to the U.S. would be subject to only the existing customs duties.The ruling restores greater predictability in bilateral trade between the two countries, Federation of Indian Export Organisations (FIEO) President SC Ralhan said.“The recent ruling of the U.S. Supreme Court striking down the reciprocal tariffs under the International Emergency Economic Powers Act brings welcome relief to Indian exporters affected by country-specific duties,” he said.-PTI Indian exporters have welcomed the U.S. Supreme Court’s decision striking down tariffs imposed by President Donald Trump, saying the move is a big relief to domestic firms affected by the country-specific duties. Think tank Global Trade Research Initiative (GTRI) said that following this ruling, the U.S. should remove the 25% reciprocal tariffs on India, then about 55% of India’s exports to the U.S. would be subject to only the existing customs duties. The ruling restores greater predictability in bilateral trade between the two countries, Federation of Indian Export Organisations (FIEO) President SC Ralhan said. “The recent ruling of the U.S. Supreme Court striking down the reciprocal tariffs under the International Emergency Economic Powers Act brings welcome relief to Indian exporters affected by country-specific duties,” he said. • February 20, 2026 22:48 Trump to hold press conference on Supreme Court tariffs rulingU.S. President Donald Trump will hold a press conference on Friday (February 20, 2026) to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said.-AFP U.S. President Donald Trump will hold a press conference on Friday (February 20, 2026) to discuss the Supreme Court’s ruling against a major part of his tariffs, spokeswoman Karoline Leavitt said. • February 20, 2026 22:41 Swiss industry group urges Switzerland to seal U.S. deal despite court tariff rulingSwiss industry association Swissmem on Friday (February 20, 2026) urged Switzerland to finalize a preliminary trade deal with Washington in order to create legal certainty, despite the U.S. Supreme Court’s decision to strike down President Donald Trump’s tariffs.Switzerland was subject to the highest U.S. tariffs in Europe when Trump imposed a 39% import duty on its exporters’ products in August. In November, Bern secured an initial deal that cut the tariffs to 15%, mirroring the rate for the European Union.Switzerland has since begun talks to formalise that agreement, which Washington has been pressing to conclude by the end of the first quarter.Swissmem said the government would be well advised to turn that preliminary accord into a legally binding deal.-Reuters Swiss industry association Swissmem on Friday (February 20, 2026) urged Switzerland to finalize a preliminary trade deal with Washington in order to create legal certainty, despite the U.S. Supreme Court’s decision to strike down President Donald Trump’s tariffs. Switzerland was subject to the highest U.S. tariffs in Europe when Trump imposed a 39% import duty on its exporters’ products in August. In November, Bern secured an initial deal that cut the tariffs to 15%, mirroring the rate for the European Union. Switzerland has since begun talks to formalise that agreement, which Washington has been pressing to conclude by the end of the first quarter. Swissmem said the government would be well advised to turn that preliminary accord into a legally binding deal. • February 20, 2026 22:30 Judge refers to tariffs imposed on India for buying Russian oil in dissenting noteAs the U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping tariffs, Justice Brett Kavanaugh referred to the tariffs imposed on India for Russian oil purchases in his dissenting opinion.Mr. Trump had imposed 25% reciprocal tariffs on India and an additional 25% punitive tariff for Delhi’s purchases of Russian oil.In a 6-3 vote on Friday, the judges found that the International Emergency Economic Powers Act (IEEPA) does not authorise the imposition of duties.Justices Clarence Thomas, Samuel A. Alito Jr. and Kavanaugh dissented in the court’s decision.“As with tariffs on foreign imports historically, the IEEPA tariffs on foreign imports at issue in this case implicate foreign affairs. According to the Government, the President has leveraged the IEEPA tariffs into trade deals with major trading partners, including China, the United Kingdom, and Japan, among other countries.”“….To that end, on August 6, 2025, the President imposed tariffs on India for “directly or indirectly importing Russian Federation oil”... And on February 6, 2026, the President reduced the tariffs on India because, according to the Government, India had “committed to stop directly or indirectly importing Russian Federation oil,” he wrote.-PTI As the U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping tariffs, Justice Brett Kavanaugh referred to the tariffs imposed on India for Russian oil purchases in his dissenting opinion. Mr. Trump had imposed 25% reciprocal tariffs on India and an additional 25% punitive tariff for Delhi’s purchases of Russian oil. In a 6-3 vote on Friday, the judges found that the International Emergency Economic Powers Act (IEEPA) does not authorise the imposition of duties. Justices Clarence Thomas, Samuel A. Alito Jr. and Kavanaugh dissented in the court’s decision. “As with tariffs on foreign imports historically, the IEEPA tariffs on foreign imports at issue in this case implicate foreign affairs. According to the Government, the President has leveraged the IEEPA tariffs into trade deals with major trading partners, including China, the United Kingdom, and Japan, among other countries.” “….To that end, on August 6, 2025, the President imposed tariffs on India for “directly or indirectly importing Russian Federation oil”... And on February 6, 2026, the President reduced the tariffs on India because, according to the Government, India had “committed to stop directly or indirectly importing Russian Federation oil,” he wrote. • February 20, 2026 22:24 U.S. stocks rise after Supreme Court tariff rulingWall Street stocks bounced on Friday after the U.S. Supreme Court struck down some of President Donald Trump’s sweeping tariffs in a decision expected to mitigate inflation.Stocks had opened lower following disappointing US economic data. But equities moved decisively higher after the Supreme Court ruled six-to-three that the International Emergency Economic Powers Act (IEEPA) “does not authorize the President to impose tariffs.”Near 1610 GMT, the Dow Jones Industrial Average was up 0.3% at 49,521.49.The broad-based S&P 500 gained 0.6% to 6,901.67, while the tech-rich Nasdaq Composite Index jumped 1.0% to 22,914.91.-AFP Wall Street stocks bounced on Friday after the U.S. Supreme Court struck down some of President Donald Trump’s sweeping tariffs in a decision expected to mitigate inflation. Stocks had opened lower following disappointing US economic data. But equities moved decisively higher after the Supreme Court ruled six-to-three that the International Emergency Economic Powers Act (IEEPA) “does not authorize the President to impose tariffs.” Near 1610 GMT, the Dow Jones Industrial Average was up 0.3% at 49,521.49. The broad-based S&P 500 gained 0.6% to 6,901.67, while the tech-rich Nasdaq Composite Index jumped 1.0% to 22,914.91. • February 20, 2026 22:16 E.U. 'analysing carefully' U.S. Supreme Court tariff rulingThe EU said that it was studying the U.S. Supreme Court ruling that found President Donald Trump exceeded his authority in imposing a swath of tariffs that upended global trade.“We take note of the ruling... and are analysing it carefully,” EU trade spokesman Olof Gill said.“We remain in close contact with the US administration as we seek clarity on the steps they intend to take in response to this ruling,” he added.“Businesses on both sides of the Atlantic depend on stability and predictability in the trading relationship.”-AFP The EU said that it was studying the U.S. Supreme Court ruling that found President Donald Trump exceeded his authority in imposing a swath of tariffs that upended global trade. “We take note of the ruling... and are analysing it carefully,” EU trade spokesman Olof Gill said. “We remain in close contact with the US administration as we seek clarity on the steps they intend to take in response to this ruling,” he added. “Businesses on both sides of the Atlantic depend on stability and predictability in the trading relationship.” • February 20, 2026 22:04 Which of Trump’s tariffs are being struck down by the Supreme Court? Friday’s decision upends a core set of tariffs that Mr. Trump imposed using the 1977 International Emergency Economic Powers Act, or IEEPA. That includes the “Liberation Day” tariffs the President slapped on nearly every country in the world last spring — as well as and other IEEPA-based levies he imposed on Canada, Mexico and China. Trump also cited IEEPA to impose additional tariffs on Brazil over the trial of former President Jair Bolsonaro, and on India over its purchases of Russian oil.Despite Friday’s ruling, other sweeping levies remain in place. Mr. Trump used another law — Section 232 of the 1962 Trade Expansion Act — to slap impose sectoral tariffs on steel and aluminum, cars, copper, lumber and products like kitchen cabinets worldwide. And the President has plenty of other options to keep taxing imports aggressively.-AP Friday’s decision upends a core set of tariffs that Mr. Trump imposed using the 1977 International Emergency Economic Powers Act, or IEEPA. That includes the “Liberation Day” tariffs the President slapped on nearly every country in the world last spring — as well as and other IEEPA-based levies he imposed on Canada, Mexico and China. Trump also cited IEEPA to impose additional tariffs on Brazil over the trial of former President Jair Bolsonaro, and on India over its purchases of Russian oil. Despite Friday’s ruling, other sweeping levies remain in place. Mr. Trump used another law — Section 232 of the 1962 Trade Expansion Act — to slap impose sectoral tariffs on steel and aluminum, cars, copper, lumber and products like kitchen cabinets worldwide. And the President has plenty of other options to keep taxing imports aggressively. • February 20, 2026 22:00 Hats off to U.S. Supreme Court for striking down Trump's tariff strategy: Congress The Congress on Friday (February 20, 2026) hailed the U.S. Supreme Court decision striking down President Donald Trump’s global tariffs and said the American system of checks and balances still seems to be working.In a post on X, Congress general secretary in-charge communications, Jairam Ramesh, said, “Hats off to the U.S. Supreme Court for striking down President Trump’s entire tariff strategy! Quite an amazing decision given its ideological composition. The Congress on Friday (February 20, 2026) hailed the U.S. Supreme Court decision striking down President Donald Trump’s global tariffs and said the American system of checks and balances still seems to be working. In a post on X, Congress general secretary in-charge communications, Jairam Ramesh, said, “Hats off to the U.S. Supreme Court for striking down President Trump’s entire tariff strategy! Quite an amazing decision given its ideological composition. • February 20, 2026 21:56 Trump has other tariff options after Supreme Court strikes down his worldwide import taxes President Donald Trump still has options to keep taxing imports aggressively even after the Supreme Court struck down the tariffs he imposed last year on nearly every country on earth.The Justices didn’t buy the President’s sweeping claims of authority to impose tariffs as he sees fit. But Mr. Trump can re-use tariff powers he deployed in his first term and can reach for others, including one that dates back to the Great Depression.“It’s hard to see any pathway here where tariffs end,” said Georgetown trade law professor Kathleen Claussen. “I am pretty convinced he could rebuild the tariff landscape he has now using other authorities.”-AP President Donald Trump still has options to keep taxing imports aggressively even after the Supreme Court struck down the tariffs he imposed last year on nearly every country on earth. The Justices didn’t buy the President’s sweeping claims of authority to impose tariffs as he sees fit. But Mr. Trump can re-use tariff powers he deployed in his first term and can reach for others, including one that dates back to the Great Depression. “It’s hard to see any pathway here where tariffs end,” said Georgetown trade law professor Kathleen Claussen. “I am pretty convinced he could rebuild the tariff landscape he has now using other authorities.” • February 20, 2026 21:49 Mexico’s President on tariff ruling: ‘We’re going to wait and see its reach’In Mexico, which has been vigorously negotiating on tariffs with the administration, President Claudia Sheinbaum noted the ruling in her morning press briefing, saying “We’re going to wait and see its reach.”Mexico, whose biggest trading partner is the U.S., has been able to dodge the brunt of the tariffs by more aggressively going after drug cartels under pressure from the Trump administration. The country recently stopped sending oil to its ally Cuba around the same time Mr. Trump threatened to impose tariffs on countries who sent gas to the island.-AP In Mexico, which has been vigorously negotiating on tariffs with the administration, President Claudia Sheinbaum noted the ruling in her morning press briefing, saying “We’re going to wait and see its reach.” Mexico, whose biggest trading partner is the U.S., has been able to dodge the brunt of the tariffs by more aggressively going after drug cartels under pressure from the Trump administration. The country recently stopped sending oil to its ally Cuba around the same time Mr. Trump threatened to impose tariffs on countries who sent gas to the island. • February 20, 2026 21:47 Germany's VDMA engineering association fears new Trump tariffs despite court rulingGermany’s VDMA engineering association said it feared a 15% U.S. tariff on EU imports could be reintroduced soon, warning that uncertainty for companies remained despite a U.S. Supreme Court ruling against President Donald Trump’s global tariffs.The association said that while the court’s judgment was important, Mr. Trump had several legal alternatives for imposing such duties.The reaction came after the U.S. Supreme Court, in a 6-3 decision, struck down Mr. Trump’s use of the International Emergency Economic Powers Act to impose the tariffs, ruling that he had exceeded his authority.-Reuters Germany’s VDMA engineering association said it feared a 15% U.S. tariff on EU imports could be reintroduced soon, warning that uncertainty for companies remained despite a U.S. Supreme Court ruling against President Donald Trump’s global tariffs. The association said that while the court’s judgment was important, Mr. Trump had several legal alternatives for imposing such duties. The reaction came after the U.S. Supreme Court, in a 6-3 decision, struck down Mr. Trump’s use of the International Emergency Economic Powers Act to impose the tariffs, ruling that he had exceeded his authority. • February 20, 2026 21:41 Trump calls Supreme Court's tariff decision a 'disgrace'President Trump described the Supreme Court decision as “a disgrace” when he was notified in real time during his morning meeting with several governors.That’s according to someone with direct knowledge of the President’s reaction, who spoke on the condition of anonymity to discuss the private conversation. Trump was meeting privately with nearly two dozen governors from both parties when the decision was released.-AP President Trump described the Supreme Court decision as “a disgrace” when he was notified in real time during his morning meeting with several governors. That’s according to someone with direct knowledge of the President’s reaction, who spoke on the condition of anonymity to discuss the private conversation. Trump was meeting privately with nearly two dozen governors from both parties when the decision was released. • February 20, 2026 21:38 Swiss industry group welcomes U.S. Supreme Court tariff rulingSwiss industry association Swissmem on Friday welcomed the U.S. Supreme Court’s decision to strike down President Donald Trump’s tariffs, but urged Switzerland to conclude a preliminary deal agreed last year with Washington to create legal certainty.Separately, the Swiss government said that the country’s ruling Federal Council would analyse further developments and specific impacts of the Supreme Court decision.-Reuters Swiss industry association Swissmem on Friday welcomed the U.S. Supreme Court’s decision to strike down President Donald Trump’s tariffs, but urged Switzerland to conclude a preliminary deal agreed last year with Washington to create legal certainty. Separately, the Swiss government said that the country’s ruling Federal Council would analyse further developments and specific impacts of the Supreme Court decision. • February 20, 2026 21:35 Supreme Court ruling affirms Trump tariffs 'unjustified': CanadaThe US Supreme Court’s ruling on Friday that President Donald Trump exceeded his authority in imposing sweeping tariffs affirms that the levies were “unjustified,” the Canadian Minister responsible for U.S. trade said.International Trade Minister Dominic LeBlanc noted, however, that tariffs causing the most pain in Canada -- sector- specific measures affecting the steel, aluminum and auto industries -- remained in force despite the ruling, promising Ottawa would work with Washington to “create growth and opportunities on both sides of the border.”-AFP The US Supreme Court’s ruling on Friday that President Donald Trump exceeded his authority in imposing sweeping tariffs affirms that the levies were “unjustified,” the Canadian Minister responsible for U.S. trade said. International Trade Minister Dominic LeBlanc noted, however, that tariffs causing the most pain in Canada -- sector- specific measures affecting the steel, aluminum and auto industries -- remained in force despite the ruling, promising Ottawa would work with Washington to “create growth and opportunities on both sides of the border.” • February 20, 2026 21:29 Democratic lawmakers applaud Supreme Court ruling on tariffsSome of the top Democratic lawmakers in the House are celebrating the Supreme Court’s decision striking down President Donald Trump’s global tariffs.Rep. Richard Neal, the ranking Democratic lawmaker on the House Ways and Means Committee, calls the decision “a victory for the American people, the rule of law, and our standing in the global economy.”Mr. Neal says the tariffs drove up grocery and energy prices and destabilized small businesses. He also says the administration must make consumers and businesses whole.Rep. Brendan Boyle, the ranking Democrat on the House Budget Committee, said the tariffs weakened the economy and made it harder for families to make ends meet.“Today’s decision is an important step toward protecting families and restoring basic economic fairness,” Mr. Boyle said.-AP Some of the top Democratic lawmakers in the House are celebrating the Supreme Court’s decision striking down President Donald Trump’s global tariffs. Rep. Richard Neal, the ranking Democratic lawmaker on the House Ways and Means Committee, calls the decision “a victory for the American people, the rule of law, and our standing in the global economy.” Mr. Neal says the tariffs drove up grocery and energy prices and destabilized small businesses. He also says the administration must make consumers and businesses whole. Rep. Brendan Boyle, the ranking Democrat on the House Budget Committee, said the tariffs weakened the economy and made it harder for families to make ends meet. “Today’s decision is an important step toward protecting families and restoring basic economic fairness,” Mr. Boyle said. • February 20, 2026 21:24 U.K. says it expects favourable trade with U.S. to continue after Supreme Court rulingBritain expects its privileged trading position with the United States to continue after a U.S. Supreme Court ruling struck down President Donald Trump’s sweeping tariffs, the government said on Friday.“The U.K. enjoys the lowest reciprocal tariffs globally, and under any scenario we expect our privileged trading position with the U.S. to continue”, a British government spokesperson said in a statement.“We will work with the (U.S.) Administration to understand how the ruling will affect tariffs for the U.K. and the rest of the world.” -Reuters Britain expects its privileged trading position with the United States to continue after a U.S. Supreme Court ruling struck down President Donald Trump’s sweeping tariffs, the government said on Friday. “The U.K. enjoys the lowest reciprocal tariffs globally, and under any scenario we expect our privileged trading position with the U.S. to continue”, a British government spokesperson said in a statement. “We will work with the (U.S.) Administration to understand how the ruling will affect tariffs for the U.K. and the rest of the world.” • February 20, 2026 21:17 The court majority did not address whether companies could get refundsCompanies have collectively paid billions in tariffs. Many companies, including the big-box warehouse chain Costco, have already lined up for refunds in court, and Kavanaugh noted the process could be complicated.“The Court says nothing today about whether, and if so how, the Government should go about returning the billions of dollars that it has collected from importers. But that process is likely to be a ‘mess,’ as was acknowledged at oral argument,” Justice Kavanaugh wrote in the dissent.-AP Companies have collectively paid billions in tariffs. Many companies, including the big-box warehouse chain Costco, have already lined up for refunds in court, and Kavanaugh noted the process could be complicated. “The Court says nothing today about whether, and if so how, the Government should go about returning the billions of dollars that it has collected from importers. But that process is likely to be a ‘mess,’ as was acknowledged at oral argument,” Justice Kavanaugh wrote in the dissent. • February 20, 2026 21:13 U.S. stocks hold relatively steadyU.S. stocks are edging higher in tentative trading after the Supreme Court struck down President Trump’s sweeping tariffs, which had been a source of volatility for the market.The S&P 500 was 0.1% higher a few minutes after the court announced its ruling. It had been drifting between small gains and losses earlier in the morning, after discouraging reports showing slowing growth for the economy and faster inflation created relatively few ripples in the market.The Dow Jones Industrial Average added 20 points, or less than 0.1%, and the Nasdaq composite rose 0.1%. Treasury yields also remained fairly muted in the bond market.-AP U.S. stocks are edging higher in tentative trading after the Supreme Court struck down President Trump’s sweeping tariffs, which had been a source of volatility for the market. The S&P 500 was 0.1% higher a few minutes after the court announced its ruling. It had been drifting between small gains and losses earlier in the morning, after discouraging reports showing slowing growth for the economy and faster inflation created relatively few ripples in the market. The Dow Jones Industrial Average added 20 points, or less than 0.1%, and the Nasdaq composite rose 0.1%. Treasury yields also remained fairly muted in the bond market. • February 20, 2026 21:09 The Chief Justice and 2 Trump appointees ruled against the President’s tariffsChief Justice John Roberts wrote the court’s majority opinion, joined by Justices Neil Gorsuch and Amy Coney Barrett, two of Mr. Trump’s three Supreme Court picks. The three liberal justices were also part of the majority.Justice Brett Kavanaugh, Mr. Trump’s other appointee, wrote the main dissent, joined by Justices Clarence Thomas and Samuel Alito.-AP Chief Justice John Roberts wrote the court’s majority opinion, joined by Justices Neil Gorsuch and Amy Coney Barrett, two of Mr. Trump’s three Supreme Court picks. The three liberal justices were also part of the majority. Justice Brett Kavanaugh, Mr. Trump’s other appointee, wrote the main dissent, joined by Justices Clarence Thomas and Samuel Alito. • February 20, 2026 21:05 U.S. Supreme Court rejects Trump's global tariffs The U.S. Supreme Court struck down on Friday (February 20, 2026) President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.The justices, in a 6-3 ruling, upheld a lower court’s decision that the Republican president’s use of this 1977 law exceeded his authority. The Supreme Court reached its conclusion in a legal challenge by businesses affected by the tariffs and 12 U.S. states, most of them Democratic-governed, against Mr. Trump’s unprecedented use of this law to unilaterally impose the import taxes.Read the story hereU.S. Supreme Court rejects Trump's global tariffsU.S. Supreme Court strikes down Trump's global tariffs, ruling his actions exceeded authority and impacting the global economy significantly. The U.S. Supreme Court struck down on Friday (February 20, 2026) President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy. The justices, in a 6-3 ruling, upheld a lower court’s decision that the Republican president’s use of this 1977 law exceeded his authority. The Supreme Court reached its conclusion in a legal challenge by businesses affected by the tariffs and 12 U.S. states, most of them Democratic-governed, against Mr. Trump’s unprecedented use of this law to unilaterally impose the import taxes. Read the story here ### U.S. Supreme Court rejects Trump's global tariffs U.S. Supreme Court strikes down Trump's global tariffs, ruling his actions exceeded authority and impacting the global economy significantly. Published - February 20, 2026 09:05 pm IST ### Related Topics USA / Donald Trump / taxes and duties / trade dispute / international (foreign) trade / Live news