Apple News Today Mexico killed its most-wanted drug lord. A wave of violence followed.
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Feb 23, 2026 A military raid that killed drug lord El Mencho and the violent wave of roadblocks, arson, and travel disruptions that followed. A legal and economic dive into new tariffs after a Supreme Court ruling and what Section 122 could mean for businesses and consumers. A quick wrap on Team USA’s Winter Olympics performance, hampered by injuries and surprising upsets.
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Court Curtails Executive Tariff Power
- The Supreme Court ruled that taxing and tariff powers belong to Congress, forcing the administration to pursue an untested legal route under the 1974 Trade Act's Section 122.
- Axios' Courtney Brown says Section 122 applies to balance-of-payments crises, and lawyers doubt it fits current U.S. conditions.
Tariff Refunds Face A Messy Legal Path
- The court's decision creates legal uncertainty over roughly $140 billion in tariffs already collected and whether refunds will be automatic or require court actions.
- Justices warned the refund process would be "a mess," and lower courts will likely sort it out.
Delay Finalizing Trade Deals Until Policy Clarifies
- Businesses with finalized recent trade deals should expect continuity if both parties honor agreements, but unsettled deals may face delays as partners seek White House clarity.
- EU and India officials may postpone ratification until U.S. policy is clarified.