The 11th Hour with Stephanie Ruhle The fallout: Supreme Court smacks down Trump's signature tariffs
9 snips
Feb 21, 2026 
Reed Galen, Republican strategist and campaign veteran, offers political strategy takes. Jim Acosta, seasoned White House reporter and podcaster, brings reporting and contact perspectives. Ron Insana, veteran financial journalist, provides market and economic analysis. They discuss the Supreme Court ruling on tariffs, market and business fallout, political implications for midterms, and fresh revelations from the Epstein files.
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Court Reins In Presidential Tariff Power
- The Supreme Court struck down Trump’s tariffs for lacking clear congressional authorization, reinforcing separation of powers.
- Neil Gorsuch’s opinion framed the decision as a civic lesson that Congress, not the president, holds taxing authority.
Tariff Whiplash Harms Businesses And Economy
- Markets and businesses faced unpredictability from shifting tariff policy rather than simple uncertainty.
- Ron Insana warned tariffs boost inflation and slow growth, hurting both consumers and firms.
Document Tariff Losses For Refund Claims
- Expect a cumbersome refund process for tariff collections and prepare documentation to seek redress through the Court of International Trade.
- Businesses should track impacts now because claims will likely be inundated and delayed.