Dollar declines following Supreme Court ruling against Trump tariffs
The dollar fell on Friday after the Supreme Court struck down President Trump's tariffs. This ruling countered gains from higher than expected inflation data.
Insights:
The U.S. Supreme Court ruled on February 20, 2026, that President Donald Trump exceeded his authority by using a 1977 national emergency law to impose sweeping tariffs. Chief Justice John Roberts delivered the finding that the administration had overstepped its legal bounds, a decision that immediately struck down the trade measures. This ruling significantly alters the trade-policy authority of the US 
US and the Office of the President, marking a major check on executive power.
US and the Office of the President, marking a major check on executive power.
