Trump calls out Supreme Court ruling on tariffs, with 3 of the justices who voted to overturn them sitting in the chamber
Business Insider
February 25, 2026
AI-Generated Deep Dive Summary
President Donald Trump expressed frustration over the Supreme Court’s decision to overturn his International Emergency Economic Powers Act (IEEPA) tariffs, calling the ruling “unfortunate” during his State of the Union address. The court struck down most of the 2025 tariffs implemented under IEEPA, dealing a blow to Trump’s economic agenda. Despite this setback, Trump reassured the nation that he would not need to renegotiate trade deals, as other countries were satisfied with existing agreements. He also signed an executive order imposing a new 10% global tariff under Section 122 of the Trade Act of 1974, which allows tariffs to remain in place for up to 150 days before requiring congressional approval.
The new tariffs, which Trump described as “probably better” than the IEEPA-based ones, aim to avoid the legal challenges faced by the previous tariffs. However, companies and consumers are already grappling with the financial impact of the struck-down tariffs. U.S. Customs and Border Protection reported collecting $129 billion under IEEPA tariffs, but studies show that 90% of the economic burden falls on American firms and consumers. Companies like FedEx have filed lawsuits to seek refunds, highlighting the complex and costly process of navigating these tariffs.
The Supreme Court’s ruling comes amid growing concerns about economic affordability and growth. While the U.S. economy grew by 2.2% in 2025, job creation has stalled, and economists warn that this trend is widening the gap between the wealthy and others. Consumer confidence is at a low point, with February sentiment down more than 12% compared to the same month in 2025. A recent poll found that most Americans disapprove of Trump’s
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Originally published on Business Insider on 2/25/2026