Yesterday, the US Supreme Court struck down Trump’s IEEPA tariffs in a 6-3 decision, because tariffs are taxes and taxes need to come from Congress. These were the so-called “reciprocal” tariffs, the fentanyl tariffs, and the “Liberation Day” tariffs, but not the Section 232 sectoral tariffs on things like steel and aluminium and autos. This means that the effect on Canada is very minimal because for those IEEPA tariffs, we had the New NAFTA exemptions on something like 85 percent of tariffed goods. (Five Things to know about this ruling here, and the list of remaining tariffs on Canada here).
Almost immediately, Trump implemented new global ten percent tariffs under a different set of powers, meaning that this whole process gets to start over again with a new legal challenge, but these powers have a 150-day expiry date, so how does that even work? Meanwhile, companies who paid those IEEPA tariffs can apparently apply for refunds, but I have a suspicion they will never see that money, because Trump will drag it out, his courts are corrupt, and well, the money will have disappeared into some Trump lackey’s accounts, because the graft is real.
https://bsky.app/profile/jrobson.bsky.social/post/3mfdo7xcbw227
Per this EO, the US really needs:-metals-energy-fertilizers-passenger vehicles-anything subject to 232 tariffs-anything under CUSMA.Amazing. Keep it up.
— Jennifer Robson 🇨🇦 (@jrobson.bsky.social) 2026-02-21T03:34:23.495Z
What problem is Trump's new global 10% tariff meant to solve?If it's about leverage, ask: How much leverage do you get from a tariff that disappears in 150 days?If it's onshoring: Who builds new factories based on tariff that disappear before the factory is built?It's a tax. That's all it is.
— Justin Wolfers (@justinwolfers.bsky.social) 2026-02-20T20:00:44.062Z
Meanwhile, this has largely served as vindication for the fact that we didn’t rush to get a deal with Trump over tariffs, because there was no deal to be had, and because those tariffs were illegal. Why come up with a deal over something that’s illegal and immoral? Why do what Keir Starmer did when capitulation just emboldens a bully?
Statement from Dominic LeBlanc:
— Dale Smith (@journodale.bsky.social) 2026-02-20T16:06:42.548Z
Ukraine Dispatch
As the war enters into its fifth year, here is a look at some of the displaced civilians from the war who has lost everything. Europe’s five biggest defence powers are launching a project to develop and build low-cost air defences that can be put into production within a year.