In a 6-3 ruling. the Roberts Supreme Court has rejected the legal basis for President Donald Trump’s sweeping global tariffs, imposed on “Liberation Day” in AprilIn a 6-3 ruling. the Roberts Supreme Court has rejected the legal basis for President Donald Trump’s sweeping global tariffs, imposed on “Liberation Day” in April

'Major blow' as Supreme Court rejects legal basis for Trump’s tariffs

2026/02/20 23:10
4 min read

In a 6-3 ruling. the Roberts Supreme Court has rejected the legal basis for President Donald Trump’s sweeping global tariffs, imposed on “Liberation Day” in April 2025.

“The Supreme Court has struck down President Trump’s tariff authority, saying his claim of emergency authority to issue sweeping tariffs to America’s trading partners was unlawful,” Politico’s Kyle Cheney reports.

NBC News called it a “major blow” to President Trump.

During oral arguments, justices appeared skeptical of the Trump arguments. Chief Justice John Roberts said that the tariffs were “an imposition of taxes on Americans and that has always been the core power of Congress,” as Axios reported.

President Trump has repeatedly argued that his reciprocal tariffs — which studies show are almost entirely paid by American consumers and businesses — were necessary for national security. The administration relied on an obscure provision of U.S. trade law that allows a president to impose tariffs without congressional approval if imports are deemed a threat to national security. Critics, however, argued that the statute was never intended to justify sweeping, permanent global tariffs.

Trump’s public statements repeatedly broadened his rationale. At the beginning of the year, declaring the Supreme Court’s impending decision would be “their most important (ever!) Decision,” he claimed the tariffs “have rescued our Economy and National Security.”

Last month, Trump warned that “if the Supreme Court rules against the United States of America on this National Security bonanza, WE’RE SCREWED!”

As recently as Thursday, Trump lambasted the high court for taking, as he put it, “forever,” to release its decision.

“And to think I have to be, in the United States Supreme Court for many, many months, waiting for a decision on tariffs — without tariffs, this country would be in such trouble right now,” Trump said.

“I’ve been waiting forever. Forever. And the language is clear that I have the right to do it as president. I have the right to put tariffs on for national security purposes, countries that have been ripping us off.”

Just weeks ago, Trump told Fox Business that he had had an “emergency call from, I believe, the prime minister of Switzerland, and she was very aggressive. Nice, but very aggressive.”

“Again and again and again. I couldn’t get her off the phone,” the president continued, as The Hill reported. “So [the tariffs were] at 30 percent, and I didn’t really like the way she talked to us, and so instead of giving her a reduction, I raised it to 39 percent.”

The president has also suggested that there is so much money coming into the Treasury from tariffs that he would be sending tariff “dividend” checks to Americans — a claim he appeared to have forgotten about last month when asked by a reporter.

Trump has also claimed that if the Court struck down his tariffs, the U.S. would not be in a position to provide refunds, which could run between $100 billion and $200 billion. Treasury Secretary Scott Bessent, however, stated that providing refunds would be possible.

It has been estimated that tariffs are costing the average American family between $1,300 and nearly $5,000 annually.

Economist Justin Wolfers, when asked about the effectiveness of Trump’s tariffs, told CBC News, “If the trade deficit this year is bigger than it was last year, and this year we have high tariffs and a trade war and last year we didn’t, I guess it doesn’t require a lot of fancy statistics to infer that Trump’s tariffs didn’t help the trade deficit.”

On Friday, he wrote, “We had this big lousy trade war, and we’ve got nothing to show for it.”

The Wall Street Journal Editorial Board on Thursday wrote, “If your tariff policy is so unpopular that you have to bully the central bank into not talking about it, maybe it’s time for a new policy.”

  • george conway
  • noam chomsky
  • civil war
  • Kayleigh mcenany
  • Melania trump
  • drudge report
  • paul krugman
  • Lindsey graham
  • Lincoln project
  • al franken bill maher
  • People of praise
  • Ivanka trump
  • eric trump
Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$3.561
$3.561$3.561
-0.19%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

BREAKING: Donald Trump Announces 10% Additional Tariffs on All Global Imports – To Be Added on Top of Existing Tariffs

BREAKING: Donald Trump Announces 10% Additional Tariffs on All Global Imports – To Be Added on Top of Existing Tariffs

According to breaking news, Trump has announced a 10% global tariff on all countries. He stated that this 10% tariff will be added on top of other tariffs already
Share
Bitcoinsistemi2026/02/21 02:39
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27