The other night I rewatched a scene from A Few Good Men. The courtroom is quiet, almost polite. Then it isn’t. Someone insists on an answer. Someone else says, “You can’t handle the truth.” It’s less about the law than about...
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Subscribe24 FEB 2026 / ECONOMY
The US Supreme Court ruled in a 6-3 decision that the president cannot impose tariffs under the International Emergency Economic Powers Act (IEEPA), a ruling which led to a new 10% global tariff being announced under Section 122 of the Trade Act of 1974. The ruling forces the president to seek explicit authorization from Congress to levy duties but does not remove all tariff tools from the executive; the ruling matters as it has caused a shift in trade policy, created uncertainty and friction in markets, and led potentially to a rotating door of tariff imposition, litigation, replacement, and slow refunds if Congress does not provide clearer direction.
The other night I rewatched a scene from A Few Good Men. The courtroom is quiet, almost polite. Then it isn’t. Someone insists on an answer. Someone else says, “You can’t handle the truth.” It’s less about the law than about...
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