US futures slip and world markets are mixed after the Supreme Court nixes Trump’s tariffs - AP News
AP News
February 23, 2026
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The US Supreme Court has ruled against former President Donald Trump’s steel and aluminum tariffs, leading to a mixed reaction in global markets. On the day of the ruling, US futures dropped slightly, reflecting concerns about potential economic impacts. However, broader world markets showed resilience, with European indices fluctuating but generally holding steady. Analysts suggest that while the court’s decision invalidates the tariffs, it may not immediately trigger significant market shifts, as businesses had already adapted to the policies.
The ruling highlights a growing divide between US trade policy and international norms, particularly under the World Trade Organization (WTO). Critics argue that Trump’s tariffs violated global trade agreements, which could set a precedent for future disputes
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Originally published on AP News on 2/23/2026