Supreme Court ruling throws Trump administration's tariff strategy into flux. What it means for global trade, U.S. economy

Shipping containers at the port of Oakland in California on Feb. 23, 2026, following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs.The Supreme Court struck down President Donald Trump's tariffs on Friday, but the trade tax turmoil is far from over. Fallout over the ruling is already threatening to further strain global trade relations, and the U.S. economy is likely to suffer, economists told CNBC. In 6-3 decision, the high court ruled that President Trump did not ...