After a few delays, the United States Supreme Court finally announced its ruling on the highly debated Trump-tariff case. Unfortunately for the US President, the Court ruled them illegal, rejecting their usage of emergency powers to impose trade duties.
As reported by Walter Bloomberg, the import tariffs from countries like Canada, China, Mexico, and the EU were projected to raise $1.5 trillion over the next decade.
SUPREME COURT STRIKES DOWN TRUMP’S GLOBAL TARIFFS
The Supreme Court ruled Friday that President Trump’s global tariffs are illegal, rejecting his use of emergency powers to impose trade duties.
• The tariffs, covering imports from Canada, China, Mexico, and nearly all… pic.twitter.com/Qu7EVbBCch
— *Walter Bloomberg (@DeItaone) February 20, 2026
Trump was quick to lash out against the Supreme Court’s decision, calling it a “disgrace.” Additionally, he said his administration has a backup plan.
Further reports on the matter, including trade expert Lawrence Herman’s opinion, indicated that the trade tensions won’t end with the Supreme Court’s ruling. He reportedly added that the tariffs are “here to stay in one form or another,” and warned that the US-Canada trade relationship has already been “shattered.”
In the more recent development on the matter as of press time, Trump seemed to have threatened the US legal system, saying he had to do something about the courts.
Bitcoin has had a long and mostly painful history with Trump’s tariff impositions. It plunged last April when the first wave was announced and has reacted negatively to almost all threats from the POTUS to other countries.
After the Supreme Court ruling today, BTC went on a wild micro ride, going down to $66,500, jumping to over $68,000 within minutes, before it repeated the scenario a few times. It has since settled at under $68,000.
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