February 20, 2026 - News Summed Up

February 20, 2026


The U.S. Constitution is clear that Congress, and Congress alone, has the authority to tax the American people, and tariffs are taxes. As Chief Justice John Roberts noted, a month after imposing a 10% additional tariff on Chinese goods, he increased the rate to 20%. Trump’s tariffs destabilized the global economy, while the wild instability made it impossible for U.S. companies to plan. The Tax Foundation estimated that Trump’s tariffs cost the average American household about $1,000 in 2025. Now the Supreme Court has said that the chaos and cost of Trump’s tariffs was for nothing.


Source: New York Times February 21, 2026 07:40 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */