Group 1 - The Trump administration signed a new proclamation allowing a temporary 10% tariff on imports from almost all countries for up to 150 days, indicating a commitment to maintain tariffs as a macro policy instrument despite legal challenges [1] - Industry-specific tariffs on steel, aluminum, autos, and other sectors remain unaffected, reflecting a continued protectionist stance in US trade policy [2] - The potential $130 billion in tariff revenue collected under the unlawful IEEPA framework raises uncertainty regarding refunds to companies or consumers, which could impact consumption and economic expectations [3] Group 2 - The Supreme Court ruling limits the unilateral power of the president, providing stability to markets by reducing the risk of sudden large-scale tariff shocks, while the administration's quick implementation of a new 10% global tariff shows a continued aggressive trade approach [5] - The dynamic of legal constraints versus aggressive trade measures is expected to influence market sentiment, as investors assess whether the new temporary tariffs signal a temporary measure or the beginning of a new cycle of trade actions [6]

Core Viewpoint - The Supreme Court ruled that the International Emergency Economic Powers Act of 1977 does not authorize the president to impose tariffs, impacting the legality of tariffs previously imposed by President Trump [1][2]. Group 1: Supreme Court Ruling - The Supreme Court's decision was a 6-3 ruling that questioned the mechanics of how tariffs were imposed under the AIPA [1][6]. - The ruling did not clarify whether companies that paid tariffs would receive refunds, leading to uncertainty among businesses like Costco, which are seeking refunds in lower courts [2][20]. Group 2: Presidential Response - President Trump criticized the ruling, labeling it a disgrace, and announced plans to impose a new 10% global tariff using Section 122 of the Trade Act of 1974, a method that has not been used in this context before [3][4]. - The new tariff is set to last for 150 days, but its legality and potential court challenges remain uncertain [15][16]. Group 3: Tariff Mechanisms - The typical process for imposing tariffs involves a fact-finding study by the Commerce Department or U.S. Trade Representatives, which is time-consuming and involves public review [11][12]. - The administration is expected to continue using this traditional process for sector-specific tariffs, such as those on steel and aluminum, which were not affected by the Supreme Court ruling [22][25]. Group 4: Market Reaction - The market reacted positively to the Supreme Court ruling, as it may reduce the overall tariff burden in the short term, although uncertainty regarding the refund process tempered this reaction [26][27]. - Companies are likely to challenge the ruling in court for refunds, but this process could take months or years to resolve [28].

Donald Trump announced on Saturday that he would raise a temporary tariff rate on US imports from all countries from 10% to 15%, less than 24 hours after the US supreme court ruled against the legality of his flagship trade policy.Infuriated by the high court’s ruling on Friday that he had exceeded his authority and should have got congressional approval for the tariffs he introduced last year under the International Emergency Economic Powers Act (IEEPA), the US president railed against the justices who str ...

JAKKS Pacific (NASDAQ: JAKK) published its fourth-quarter and full-year 2025 figures just after market close Thursday, and the investor response the following day was extremely positive. Market players piled into the veteran toy company's stock, pushing it to an impressive gain of nearly 24%. Not playing around Across the quarter, JAKKS's net sales were slightly over $127 million. Although this represented a year-over-year decline of 3% for the consumer discretionary company, it handily beat the average a ...

Key TakeawaysMajor US indices closed higher following a Supreme Court ruling that restricted the executive branch's tariff powers, with the Nasdaq leading gains at 0.87%.Oil prices surged near a six-month high as geopolitical tensions escalated, with the Trump administration reportedly weighing military action against Iran.Microsoft (MSFT) announced a leadership transition for its gaming division, appointing Asha Sharma to lead Xbox as Phil Spencer retires.Federal Reserve official Musalem signaled that curr ...

[The stream is slated to start at 12:45 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Friday is set to respond after the Supreme Court struck down his signature tariff policy.Trump will lead a press briefing at the White House on the seismic ruling, according to his press secretary Karoline Leavitt. The briefing was announced two hours after the high court ruled, six to three, that the statute used to justify Trump's biggest tariffs does not actual ...

The Supreme Court struck down a chunk of President Donald Trump's sweeping tariff policy on Friday, finding a new limit to the expansive presidential powers he has sought. The 6-3 decision centered on the tariffs Trump justified under the International Emergency Economic Powers Act, a national security law that allows the president to regulate economic activity during emergencies.Those IEEPA-justified tariffs have been one of Trump's most powerful weapons in his efforts to renegotiate trade agreements aroun ...

U.S. trade deficit might be tariff proof — imports jump to record high in 2025 - MarketWatch## Economic Report# U.S. trade deficit might be tariff proof — imports jump to record high in 2025## U.S. posts third largest trade deficit ever. China is a big loser, Vietnam and Taiwan are winners.Published: Feb. 19, 2026 at 9:15 a.m. ETShareResize---Listen(2 min)High tariffs didn't have much effect on chronic U.S. trade deficits. Photo: Yamil Lage/Agence France-Presse/Getty ImagesHigh tariffs were supposed to slas ...

Canadian Pacific Kansas City (NYSE:CP) FY Conference February 19, 2026 08:05 AM ET Company ParticipantsChris de Bruyn - EVP of Finance and CFOKeith Creel - President and CEOConference Call ParticipantsBrandon Oglenski - Airline and Transport AnalystNone - AnalystBrandon OglenskiAll right, good morning, everyone. Welcome to day three of Barclays 43rd Annual Industrial Select Conference. I'm Brandon Oglenski, airline and transport analyst, and very excited to be kicking off, day three here with Canadian Pacif ...

Welcome to February 2026, where the primary driver of global equity valuation isn’t the Federal Reserve’s dot plot or quarterly earnings reports, but rather the notification bell on a specific social media platform. As of February 18, 2026, the “Trump Trade” has evolved from a speculative bet into a full-contact sport, leaving analysts at Goldman Sachs and Morgan Stanley to spend their mornings deciphering the macroeconomic implications of 3:00 AM posts written in all-caps. It is a truly efficient market, p ...