Last mentioned: Feb 21, 2026
Presidential Reaction
President Trump holds a White House briefing calling the ruling 'disgraceful' and hinting at a backup plan.
White House Response
President Trump criticizes the court and announces the development of a backup trade plan.
White House Response
President Trump calls the ruling 'deeply disappointing' and 'a disgrace' during a press briefing.
SCOTUS Ruling
The Supreme Court issues a verdict invalidating the sweeping tariffs as a violation of federal law.
Supreme Court Ruling
SCOTUS invalidates the tariffs, ruling the President exceeded his legal authority.
SCOTUS Ruling
The Supreme Court invalidates the sweeping tariff measures in a major blow to trade policy.
Revenue Milestone
US government reaches $134 billion in total levies collected under the new tariff regime.
Revenue Milestone
US government reaches $134 billion in total levies collected from the new tariffs.
Revenue Milestone
US government reaches $134 billion in collected levies under the new tariff regime.
Tariff Implementation
Trump administration begins imposing sweeping tariffs under IEEPA authority.
IEEPA Enacted
The International Emergency Economic Powers Act is signed into law, granting the President power to regulate commerce during national emergencies.
IEEPA Enacted
The International Emergency Economic Powers Act is signed into law, defining executive power during national emergencies.
The US Supreme Court has invalidated the Trump administration's sweeping tariff regime, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision jeopardizes over $134 billion in collected levies and creates immediate uncertainty for global supply chains and domestic inflation.
The US Supreme Court has invalidated the Trump administration's sweeping global tariffs, ruling that the executive branch overstepped its authority under the 1977 International Emergency Economic Powers Act. This landmark decision halts the collection of levies that had already reached $134 billion, offering immediate relief to the retail and e-commerce sectors.
The US Supreme Court has invalidated the Trump administration's sweeping tariff program, ruling that the 1977 International Emergency Economic Powers Act does not grant the President authority to impose broad import duties. This landmark decision disrupts the administration's signature trade policy and creates a complex legal path for the $134 billion in levies already collected.
The US Supreme Court has invalidated the Trump administration's sweeping tariffs on global trading partners, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision marks a significant legal setback for the administration's signature trade policy and creates immediate uncertainty for over $134 billion in collected levies.