Tariffs, tensions, truces: From 'Liberation Day' shock to courtroom knockdown — the full Trump trade war timeline
- Posted on February 20, 2026
- By Business News Today
- 4 Views
Tariffs, tensions, truces: From 'Liberation Day' shock to courtroom knockdown — the full Trump trade war timeline
The Supreme Court has ruled against former President Donald Trump's extensive global tariffs. The court declared that emergency powers cannot be used to impose broad trade taxes. This decision ends a year of market disruption and strained international relations. Agreements were reached with countries like India, Japan, and the European Union, easing some trade tensions.