Episode Details

This video is a clip from BND: Strategy Room Live Stream on February 20, 2026. The Supreme Court of the United States (SCOTUS) struck down President Trump’s tariffs that fell under the International Emergency Economic Powers Act or IEEPA. This decision by SCOTUS had interjected chaos into President Trump’s economic agenda and slows down his ability to bring manufacturing back to the U.S. This decision potentially puts the U.S. on the hook for up to $175 billion in tariff refunds. SCOTUS did not call for or make clear how refunds would be issued in their decision, thus setting up a very messy refund process and years of legal battles. President Trump was defiant in the face of SCOTUS’ decision immediately enacting a 10% global tariff, stating that he would use other existing tariff laws to continue his economic agenda.