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Trump increased the rate of a new global tariff to 15 percent, vowing to work around the ruling that invalidated his emergency tariffs.
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What's far less certain is the longer-reaching impacts as the economy and markets again adjust to a changing landscape.
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The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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Dow Jones Futures: Stock Market Rallies On Trump Tariff Decision; Iran, Nvidia In Focus Investor's Business DailyTraders brace for Trump's new tariff plan, possible Iran attack and Nvidia earnings CNBCStock Market News From Feb. 20, 2026: Dow Rises After Supreme Court Strikes Down Trump's Tariffs Barron'sInvestors await direction as stocks churn The Berkshire Eagle
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India's prime minister acceded to many of President Trump's demands under pressure of heavy tariffs. It would be awkward to reject them now.
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A high-stakes State of the Union just got harder for Trump PoliticoTrump v. Trump. Which president shows up at the State of the Union? USA TodayTariff loss, falling popularity, soaring costs: Trump challenged ahead of key US speech France 24WATCH LIVE: President Donald Trump's 2026 State of the Union address PBS
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Trump slams justices after Supreme Court strikes down most of his tariffs The Washington PostA defiant Trump vows new tariffs while fuming at Supreme Court CNN‘Murky Waters' for Global Businesses After Trump's Tariff Loss The New York TimesTrump's New Trade Agenda Is on a Collision Course With Midterms The Wall Street JournalTrump news at a glance: president lobs insults at US supreme court for striking down his global tariffs
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Where Did the Money Go? US Edges Closer to Fiscal Cliff Daily KosNew CBO report shows national debt spiraling into uncharted territory by 2035—and Trump's tariff defeat will make the picture even worse FortuneWhy the Federal Deficit Is Projected to Surge, in Five Charts The Wall Street JournalThe Court Ruled. Now the CBO Needs to Update Its Revenue Projections National Review
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The U.S. Supreme Court said President Trump exceeded his authority in using a 1977 law to justify a large swath of his tariffs, but that does not mean he's now unable to slap tariffs on other countries' products.
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The Supreme Court's decision striking down most of President Donald Trump's tariffs left at least one big question unanswered: What about refunds?
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