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Supreme Court voids Trump tariffs as Bitcoin jumps above $67,000, with crypto markets reacting to shifting trade and policy risks. The U.S. Supreme Court has ruled that President Trump’s global tariffs are unlawful, and the decision is creating new debate across financial and crypto markets. The ruling removes a trade policy that shaped many trade discussions, and traders now watch how markets respond. Court Rejects Use of Emergency Powers The Supreme Court ruled 6 to 3 that the president lacked authority to impose the global tariffs under the International Emergency Economic Powers Act. The justices said the law does not give the president the power to levy broad tariffs during peacetime. The decision ends a major White House trade measure that had remained active during long court challenges. The tariffs covered imports from Canada, China, Mexico, and most other countries. The White House projected that the tariffs would raise as much as $1.5 trillion over ten years. They were announced after national emergency declarations tied to fentanyl and trade deficits, and the policy stayed in effect while the case moved through lower courts. SUPREME COURT STRIKES DOWN TRUMP’S GLOBAL TARIFFS The Supreme Court ruled Friday that President Trump’s global tariffs are illegal, rejecting his use of emergency powers to impose trade duties. • The tariffs, covering imports from Canada, China, Mexico, and nearly all… pic.twitter.com/Qu7EVbBCch — *Walter Bloomberg (@DeItaone) February 20, 2026 Several lawsuits argued that the tariffs acted as unauthorized taxes on American buyers. Lower courts agreed with many of those claims, and the Supreme Court ruling brings the legal process to an end. The court decision now leaves federal agencies to manage the next steps around trade enforcement and tariff procedures. Market Focus Turns to Crypto and Currency Conditions Bitcoin moved higher soon after the ruling and traded…

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Filed under: News - @ February 21, 2026 1:29 am