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The Latest Breaking News from the Supreme Court

Trump's Rationale for His New Tariffs Contradicts the Position He Took Before His Supreme Court Defeat

The president is relying on a provision that the government's lawyers said had no "obvious application" to his goal of reducing the trade deficit.

Reason

Bitcoin stabilizes after tariff whiplash briefly sends price below $65,000

The latest volatility for the original cryptocurrency follows the Supreme Court’s landmark decision on Friday.

Fortune

FTSE 100 drifts lower amid new tariff uncertainty

The latest trade worries came after US President Donald Trump raised the global tariff he wants to impose to 15%.

Evening Standard

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My New Dispatch Article on the Tariff Decision, its Implications - and a Key Issue the Court Did Not Resolve

The Court stopped a massive presidential power grab, but did not resolve a crucial issue about judicial review of executive use of emergency powers.

Reason

Trump administration to stop collecting tariffs this week after Supreme Court bans his global levy

The president described the Friday decision as ‘deeply disappointing’ and said he was ‘absolutely ashamed’ of the Republican appointees who’d failed to back his prized policy

The Independent UK

Trump Predicts Supreme Court Will 'Rule In Favor Of China' In Birthright Citizenship Showdown

Donald Trump predicted the Supreme Court will rule against his effort to curb birthright citizenship, days after the justices struck down his sweeping tariffs. His Truth Social post casts the legal battle as a geopolitical grievance, even as the policy remains blocked in court.

International Business Times UK

Trump's New Tariffs Are Probably Illegal Too

Attorneys for the Trump administration even admitted that Section 122 can't be applied to address trade deficits. Trump is now trying to do that anyway.

Reason

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Climate Change Goes Back to the Supreme Court -- Colorado Edition

The Supreme Court granted certiorari in Suncor Energy v. County Commissioners of Boulder County

Reason

The Roberts Court Rejects Trump's Tariffs

An initial take on Learning Resources v. Trump.

Reason

Supreme Court will weigh oil and gas companies’ bid to block climate change lawsuits

President Donald Trump's administration weighed in to support the companies

The Independent UK

Trump's Tantrum Over the Tariff Decision Highlights His Narcissistic Authoritarianism

The president neither understands nor appreciates the vital role of judicial independence in upholding the rule of law.

Reason

How Homeland Security’s subpoenas and databases of protesters threaten the ‘uninhibited, robust, and wide-open’ free speech protected by Supreme Court precedent

The U.S. Department of Homeland Security is reportedly issuing administrative subpoenas to identify anonymous social media accounts that criticize U.S. Immigration and Customs Enforcement. Google, Meta and Reddit have complied with at least some of those requests, according to The New York Times.

The Conversation

Trump heads into State of the Union after list of recent setbacks

President Trump will deliver a State of the Union address Tuesday night after some setbacks that have led to GOP push back.

Roll Call

The Supreme Court Didn't Fully End the Trade War, but It Reinforced Limits on the Presidency

President Trump will undoubtedly keep trying to impose protectionism, but his options are limited.

Reason

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Fortune

CEOs who despised Trump's tariffs are still quiet after Supreme Court ruling

Also: All the news and watercooler chat from Fortune.

Whats Hot

Trump Emergency Tariffs Declared Illegal; US to End Collections

The U.S. Customs and Border Protection (CBP) has announced that it will halt the collection of certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) beginning 12:01 a.m. EST (0501 GMT) on Tuesday, February 24, following a landmark ruling by the Supreme Court of the United States.

The Independent UK

US futures, bitcoin fall and Asian markets are mixed after the Supreme Court nixes Trump's tariffs

U.S. futures have dropped and Asian shares are mostly higher after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs

Cinemablend

C-SPAN Sets Record Straight After Viral Clip Had Viewers Believing Donald Trump Called In With A Fake Name

We finally have some answers.

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Reason

Putting Trump's Backlash Against The Tariff Ruling In Context

In Learning Resources v. Trump, the Supreme Court invalidated President Trump's global tariffs by a 6-3 vote. Almost immediately, Trump… The post Putting Trump's Backlash Against The Tariff Ruling In Context appeared first on Reason.com.

We Got This Covered

“This is a win for the wallets”: Schumer praises Supreme Court ruling for tearing out Trump’s tariffs

The Constitution gives Congress, not the President, the authority to issue taxes and tariffs.

The Times of India

Who is Victor Schwartz? Small wine importer who challenged Trump’s tariffs and won

Victor Schwartz, owner of New York-based wine importing firm VOS Selections, is the small business owner who emerged as the unlikely face of the legal battle that led to the Supreme Court of the United States striking down US President Donald Trump’s sweeping emergency tariffs.

The Times of India

Who is 'John Barron' from Virginia who called CSPAN to rant about Supreme Court's tariff decision in Trump style? 'This can't be real'

A caller who claimed to be John Barron from Virginia as he spoke to CSPAN after the Supreme Court struck down President Donald Trump's tariffs is going viral because the Internet is impressed by the near-perfect impersonation of President Donald Trump. Trump in the 1980s and '90s used the alias…

International Business Times

JPMorgan Chase Sees $150B–$200B Refund Risk After Trump Tariff Setback

JPMorgan warns the U.S. could owe up to $200 billion in tariff refunds after the Supreme Court struck down key Trump emergency trade duties.

The Times of India

'Trade deficits distinct from BOP deficits': Gita Gopinath backs Neal Katyal on Trump’s 15% tariff move

Former IMF chief economist Gita Gopinath has backed Indian-American lawyer Neal Katyal in questioning US President Donald Trump’s decision to impose a 15 per cent global tariff.

RideApart

Supreme Court Says Trump Tariffs Are Illegal. So What Happened and What's Next?

We've been covering the evolution of related cases with the US International Trade Court that were waiting for this decision, and it all goes together.

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