BREAKING: The Supreme Court of the United States has officially ruled that President Trump's tari...
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About the Creator
The Kobeissi Letter is a popular X account run by financial analyst Toufic Kobeissi, focusing on market analysis, economic trends, and policy impacts with a data-driven style. It has built credibility among investors for timely insights but has faced criticism for occasionally amplifying unverified breaking news. The account's rapid-fire updates appeal to finance enthusiasts seeking real-time commentary.
What's This About?
This post claims a Supreme Court ruling declared President Trump's tariffs illegal in a 6-3 decision, potentially leading to over $150 billion in refunds. In reality, the February 20, 2026, decision in Learning Resources, Inc. v. Trump ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to impose broad tariffs, striking down their use under emergency powers.[3][4] Existing tariffs remain intact, and the administration plans new 10% global tariffs under other authorities, sparking debates on congressional involvement and executive power.[1][2]
🔥Why It's Trending
The post went viral due to its sensational 'BREAKING' claim amid fresh Supreme Court ruling on February 20, 2026, fueling heated discussions on Trump's trade policies during ongoing economic tensions.[3] Timing aligns with Treasury Secretary Bessent's comments and Republican pushes for congressional action, amplifying partisan divides.[1][2] High engagement stems from fears of refunds and trade war impacts on consumers and markets.
💡Fun Facts
- 1The ruling was unanimous in key parts (6 justices) on IEEPA not authorizing tariffs, rejecting Trump's emergency powers argument.[3]
- 2Tariffs escalated dramatically on Chinese goods, reaching 145% effective rates before the decision.[4]
- 3Chief Justice Roberts wrote the opinion, framing tariffs as a taxing power reserved for Congress.[3]
- 4Trump announced new 10% global tariffs post-ruling, expected to take effect soon despite challenges.[1]
- 5The case originated from challenges to fentanyl and trade deficit tariffs imposed via executive orders.[4]
📚Read More
A breakdown of the court’s tariff decision
In Dallas, U.S. Treasury Secretary says Supreme Court ruling removes President Trump
In an exclusive interview with CBS News Texas during his North Texas visit, Scott Bessent said the Supreme Court
https://www.axios.com/2026/02/20/trump-tariffs-congress-republicans-reinstate-scotus
https://www.supremecourt.gov/opinions/25pdf/24-1287_4gcj.pdf
https://www.cnn.com/2026/02/20/politics/supreme-court-trump-tariffs-ruling
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