#TrumpNewTariffs

The global economic landscape just shifted beneath our feet. On February 20, 2026, the U.S. Supreme Court delivered a historic 6–3 ruling that struck down President Trump’s sweeping global tariffs, declaring his use of the International Emergency Economic Powers Act (IEEPA) illegal. The court ruled that the power to impose such taxes rests with Congress, not the executive branch.

The Quick Pivot to Section 122

In a move that caught many off guard, the President responded within hours by invoking Section 122 of the Trade Act of 1974. This alternative law allows for a temporary "import surcharge" of up to 15% for a maximum of 150 days. While he initially announced a 10% baseline, he has already signaled a hike to the full 15%.

Market Reaction: Crypto Holds Firm

Surprisingly, the crypto markets have remained largely unfazed by this weekend’s volatility. While Bitcoin dipped toward $92,000 during earlier tariff threats this year, it is currently holding steady around the $68,000 mark. Traders seem to be pricing in the "150-day" legal limit and the fact that major goods from Canada and Mexico (under CUSMA) remain exempt from these new surcharges.