U.S. Supreme Court Rules Against Trump’s Tariffs

The Spillover · Feb 20, 2026 · 18m

In a 6-3 decision, the U.S. Supreme Court struck down the government’s use of the International Emergency Economic Powers Act (IEEPA), holding that the statute does not authorize a president to impose sweeping tariffs. In this breaking news episode, host Rebecca Patterson is joined by Michael Froman, president of the Council on Foreign Relations and a former U.S. trade representative, to unpack the decision and discuss potential spillovers into financial and labor markets.

Host:

Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)

Guest:

Michael Froman, President, Council on…