The Daily Herold: 2/20/26 - Supreme Court Blocks Trump Tariffs, Trump Strikes Back

Jon Herold reacts live to the Supreme Court’s ruling that the International Emergency Economic Powers Act does not authorize broad presidential tariffs. Surprised by the decision but not shaken, Jon walks through the Court’s reasoning, the dissents from Justices Thomas, Alito, and Kavanaugh, and what the ruling actually changes.

President Trump responds immediately in a fiery press conference, criticizing the Court, suggesting foreign influence, and announcing alternative tariff measures under other statutory authorities. Jon breaks down Trump’s pivot to new tariff tools, the immediate 10 percent global tariff announcement, and the broader implications for trade, Congress, and executive power.

From questions about refunding tariff revenue to claims of economic certainty and national security authority, this episode captures the political, legal, and economic stakes in real time — along with Jon’s unfiltered commentary.

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