Supreme Court
Supreme Court Strikes Down Global Tariff Program; Administration Pivots to Replacement Duties
In a landmark decision that has sent shockwaves through global markets and corporate boardrooms alike, the U.S. Supreme Court (SCOTUS) ruled on February 20, 2026, that the administration’s sweeping "Universal Baseline Tariff" was unconstitutional. The 6–3 ruling in Learning Resources, Inc. v. Trump held that