Brief by Shorts91 Newsdesk / 06:48pm on 20 Feb 2026,Friday International
The US Supreme Court's 6-3 ruling striking down Trump's sweeping global tariffs triggered immediate worldwide reactions. Canada welcomed the verdict, calling the tariffs "unjustified," but warned sector-specific duties on steel, aluminum and autos remain, cautioning businesses to prepare for "blunter mechanisms" of trade pressure. Germany's BDI hailed it as a "strong signal for the rules-based trading system," noting German exports to the US fell nearly 10 percent last year. The EU said it is "carefully analysing" the ruling while seeking clarity from Washington on next steps. Britain expects its privileged trading position to continue. KPMG's chief economist warned financial markets celebrating the ruling were "premature," as tariffs could rapidly return through alternative legal levers. (PC: X)
