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Supreme Court tariffs

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State Department receives hundreds of calls on 24/7 crisis hotline for US citizens in Mexico International | 4 minutes ago

Jillian Michaels on Trump, RFK Jr. defense of pesticide: ‘Devastating’ Administration | 44 minutes ago

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Trump’s tariff Plan B

Trump plots new tariffs after Supreme Court loss

President Trump is rushing to rebuild his tariff wall after the Supreme Court struck down a pillar of his trade agenda by ruling his use of the International Emergency Economic Powers Act (IEEPA) to justify them was unlawful.

Ahead of the first State of the Union address of his second term, Trump is racing ahead with his backup plan, laying the groundwork to replace tariffs he imposed on almost every U.S trading partner.

The court’s decision was a major blow to Trump and an important legal victory for thousands of businesses that may now be eligible for tariff refunds.

Even so, Trump still has plenty of power to impose new tariffs to replace the old, and he is warning trading partners against celebrating with his critics.

“Any Country that wants to ‘play games’ with the ridiculous supreme court decision, especially those that have ‘Ripped Off’ the U.S.A. for years, and even decades, will be met with a much higher Tariff, and worse, than that which they just recently agreed to,” Trump wrote Monday in a post on Truth Social.

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

Did someone forward you this newsletter? Subscribe here.

Key business and economic news with implications this week and beyond:

Interior scales back environmental regulations for public lands

The Interior Department, which is in charge of the nation’s public lands and waters, has completed a major scaling back of its environmental regulations.

Netflix boss dismisses Trump’s demand for Susan Rice to be fired

Netflix CEO Ted Sarandos brushed aside a demand by President Trump that the company fire former Democratic diplomat Susan Rice from its board.

Senate Democrat: Trump has ‘no intention of following’ Constitution on tariffs

Sen. Jeff Merkley (D-Ore.) said President Trump has “no intention of following” the Constitution when it comes to tariffs, comments that came in the wake of a Supreme Court decision Friday that rejected the authority for many of Trump’s expansive tariffs.

Join Sen. Patty Murray (D-Wash.), Rep. Ashley Hinson (R-Iowa) and top strategists on March 4 to spotlight the women driving the 119th Congress. From AI to the economy, meet the women navigating the new political map. Register here.

Business and economic news we’ve flagged from other outlets:

Dow Drops More Than 800 Points on AI, Trade Uncertainty (CNBC)

Mortgage rates just dropped below 6%, matching lowest level since 2022 (CNBC)

Opinions related to business and economic issues submitted to The Hill:

Get excited for tax season: Historic refunds are on their way

Tolerance for mismanagement threatens progressive governance

You’re all caught up. See you tomorrow! 

Copyright 2026 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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