21 February 2026
In a significant legal development, the US Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not grant former President Donald Trump the authority to impose tariffs without congressional approval. This ruling, reported by ABC News (Australia), marks a major setback for Trump, particularly as tariffs have been a cornerstone of his second-term agenda and a key tool in his foreign policy negotiations.
The video outlines how Trump's use of tariffs has not only impacted the US economy but has also strained relationships with major trading partners, including Australia, which has faced a 10% baseline tariff. The Supreme Court's decision is expected to have far-reaching implications for international trade and economic relations.
Following the ruling, Trump expressed his anger and disappointment, vowing to seek alternative methods to impose tariffs. He criticized the justices who ruled against him, labeling them as "unpatriotic" and suggesting they were influenced by foreign entities, although he did not provide substantial evidence to support these claims.
This summary encapsulates the essential points from the video, allowing you to stay informed without having to watch the entire segment.
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