The Journal. · The Wall Street Journal & Spotify Studios

Trump's Tariffs Are Illegal. He's Got a Plan B.

February 20, 2026·20 min·1 clip
The Supreme Court just ruled most of Trump's tariffs illegal, forcing a major reset of his economic agenda.
The Supreme Court rules that most of President Trump's tariffs are illegal, citing overreach of emergency powers, forcing a recalibration of his economic and foreign policy. The episode analyzes the tariffs' mixed economic impact, Trump's backup plans using other trade laws, and potential corporate refunds, highlighting ongoing legal and political tensions.

As heard by us

A clear, practical guide to why Trump's broad tariffs fell and which trade tools remain in place.

The Journal gives this tariff ruling the clean business treatment: what changed, what did not, and why companies should care. The episode explains that the Supreme Court found Trump overstepped by using emergency economic powers to impose much of his tariff program, because…

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