Supreme Court Hands Trump a Loss — He Signs a New Tariff Order 4 Hours Later
Trump signed a 10% global tariff order under Section 122 after SCOTUS struck down his prior tariffs. Markets surged $380B anyway. Harvard faces funding cutoff. Jack Smith's 165-page brief unsealed.
HIGH ALERT
A Supreme Court loss followed by a same-day executive order imposing a 10% global tariff, a 165-page Jack Smith brief unsealed, a Harvard funding ultimatum, and a Republican caucus fracture on healthcare — this is an unusually dense and consequential news cycle.
Key Developments
Here's something you don't see every day.
The Supreme Court rules against a sitting president. And by dinnertime, that same president has already signed a brand-new executive order doing almost exactly what he was just told he couldn't do.
That's the story of February 22, 2026.
The Court ruled — by what sources are describing as a decisive margin — that Trump's previous tariff authority **exceeded the bounds of the law**.
For most administrations, that's a full stop. A moment of retreat. A press conference with a lot of hedging.
Not this one.
Within hours, Trump signed a new executive order invoking **Section 122 of the Trade Act of 1974** — a lesser-known provision that gives presidents emergency authority to impose tariffs of up to 15% on imports from any country.
A 10% global tariff. Every country. Effective immediately.
"All tariffs stay. A 10% global tariff goes into effect today," Trump said, according to posts circulating widely on X.
Supporters online erupted. One widely-shared post summed up the sentiment from Trump's base: **"Never bet against Trump."**