US President Donald Trump holds a chart next to Secretary of Commerce Howard Lutnick during his global tariff announcement at the White House in Washington, D.C., U.S., April 2, 2025. The court's landmark 6-3 ruling upended the leverage Trump and his trade envoys have wielded over foreign governments at negotiating tables to reshape diplomatic relations and global markets. TRADE DEALS, REVENUE IN QUESTIONThe ruling called into question the trade deals Trump's envoys have negotiated in recent months under the threat of high tariffs. "The Government thus concedes, as it must, that the President enjoys no inherent authority to impose tariffs during peacetime," Roberts wrote. US Treasury Secretary Scott Bessent said the court ruling could have mixed results.

Source: Otago Daily Times February 21, 2026 02:03 UTC