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US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal

City A.M. | London's Business Newspaper - News, Opinion, & Anal… February 20, 2026
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The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]

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