February 20, 2026
The Supreme Court has struck down President Trump’s use of the national emergency clause to impose sweeping tariffs around the world.
Ian Bremmer explains why this ruling was predictable and why it’s a major setback for Trump’s trade strategy.
For months, the administration argued that tariffs on countries ranging from China to Canada to Brazil were justified under emergency powers. The Court disagreed, ruling that Congress, not the president, holds that authority.
The immediate effect: the effective US tariff rate drops sharply. American consumers pay less. US government revenue from tariffs declines. And Trump’s leverage heading into key negotiations, including with Beijing, weakens.
But this doesn’t mean tariffs disappear. The White House has other legal tools it can use. What this ruling does show is something bigger:
“The court is an effective independent check on the executive. Republicans in Congress are not. Impeachment is not. But the court system is.”
Ian breaks down what this means for markets, consumers, global trade, and the balance of power inside the US government.
More For You
People vote in the legislative elections in Algiers, Algeria, on July 2, 2026. The electorate, including the diaspora, consists of 24,727,041 registered voters. These elections will elect the 407 members of the tenth legislature of the People's National Assembly (APN), with a mandate of five years.
Billel Bensalem/APP/NurPhoto
Algerians are headed to the polls today to elect their next members of parliament. However, hopes for true democracy look more remote than ever.
Most Popular
In addition to the health concerns from the Ebola outbreak, the UN is sounding the alarm on a potential development crisis in Africa sparked by the disease.
Protesters hold flamingo-shaped placards and a large representation of a flamingo as they demonstrate against the government, following weeks of protests against a planned luxury resort backed by a company linked to Jared Kushner, the son-in-law of US President Donald Trump, on an environmentally sensitive part of the Adriatic coast, in Tirana, Albania, on June 22, 2026.
REUTERS/Valdrin Xhemaj
The protests in the small Balkan country were touched off by the start of construction on a seaside luxury resort linked to US President Donald Trump’s son-in-law, Jared Kushner.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
