The US Supreme Court on Friday ruled Donald Trump's sweeping global tariffs illegal -- a stunning political setback that blocks the signature policy of the president's economic agenda. The Supreme Court's three liberal justices joined three conservatives in Friday's ruling, which upheld lower court decisions that tariffs Trump imposed under IEEPA were illegal. "We urge the lower court to ensure a seamless process to refund the tariffs to US importers," the federation said. Constrained ambitionFor now, the European Union said it was studying the court ruling and will remain in close contact with the Trump administration. Striking down the emergency tariffs "would constrain the president's ambitions to impose across-the-board tariffs on a whim," said Erica York of tax policy nonprofit the Tax Foundation.

Source: Dhaka Tribune February 20, 2026 17:10 UTC