• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

3

Current price of oil as of May 29, 2026

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

3

Current price of oil as of May 29, 2026
Law

Trump calls Supreme Court justices who struck down his tariffs a ‘disgrace to our nation’ and vows fresh duties under other laws

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
February 20, 2026, 2:06 PM ET
President Donald Trump at the White House on Feb. 12, 2026.
President Donald Trump at the White House on Feb. 12, 2026.Anna Moneymaker—Getty Images

President Donald Trump wasted little time responding to the Supreme Court decision that ruled his global tariffs unconstitutional.

Recommended Video

He blasted the six justices who struck down his levies invoked under the International Emergency Economic Powers Act, saying he was “deeply disappointed.”

“I’m ashamed of certain members of the court, absolutely ashamed for not having the courage to do what’s right for our country,” Trump told reporters. “I’d like to thank and congratulate justices Thomas, Alito, and Kavanaugh for their strength and wisdom and love of our country.”

But speaking of the six who voted against the tariffs, he added later, “They also are a frankly disgrace to our nation, those justices.”

“They’re just being fools and lapdogs for the RINOs and the radical left Democrats,” he said. “And not that they should have anything at all to do with it, they’re very unpatriotic and disloyal to our Constitution. It’s my opinion that the court has been swayed by foreign interests.”

When pressed repeatedly on his claim of foreign influence, he didn’t offer any evidence. But his tirade against the justices, including a few who were appointed by Trump, sets up a potentially dicey situation coming just days before his State of the Union address.

Trump used the IEEPA to impose so-called reciprocal tariffs on global trading partners as well as tariffs on China, Canada, and Mexico related to the fentanyl trade.

But he has invoked separate tariffs under other laws, and Trump vowed Friday that he can use them to replace the levies the high court struck down.

He said he will sign an order to impose a 10% “global tariff” under Section 122 of the 1974 Trade Act “over and above our normal tariffs already being charged.”

That authority allows the president to enact duties of up to 15% for as long as 150 days to address a balance of payments or foreign exchange issues. Any extensions would require congressional approval, which Trump said he wouldn’t seek.

He also said the administration would initiate investigations under Section 301 of the 1974 law, which is meant to combat unfair trade practices or violations of trade agreements. The tariffs can’t be enacted until the investigations are complete, which could take two to three months under an expedited process.

Trump has used tariffs as a linchpin of his trade and economic agenda, including as leverage to negotiate deals with top economies.

When asked if those deals would remain in place given that the IEEPA duties are not longer valid, he replied that they would and pointed to the recently signed U.S.-India pact, saying it will continue using different tariff laws.

Trump noted that efforts to replace the levies that were struck down could result in higher rates than before the decision.

“It depends, whatever we want them to be,” he said. “But we want them to be fair for other countries. And you know we have some countries that have treated us really badly for years, and it’s going to be high for them. And we have other countries that have been very good, and it’s going to be very reasonable for them.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon

Latest in Law

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Law

ts
CybersecurityLaw
Taylor Swift just exposed a blind spot in AI law — and it’s bigger than copyright
By Daryl Lim and The ConversationMay 30, 2026
7 hours ago
Mid adult real estate agent talking to couple at a house for sale
Real Estatehomebuying
Pandemic relief funds accidentally broke the housing market by helping scammers inflate local home prices nearly 6%, study finds
By Tristan BoveMay 29, 2026
1 day ago
Former Miami Heat guard Terry Rozier indicted on new bribery charges alleging he left games early to help gamblers cash in on more than $250,00
LawLawsuit
Former Miami Heat guard Terry Rozier indicted on new bribery charges alleging he left games early to help gamblers cash in on more than $250,00
By Rebecca Boone and The Associated PressMay 29, 2026
1 day ago
Bonta stands at podium and gestures with one hand.
CybersecurityLawsuit
California sues 23andMe over alleged ‘lax’ data security that failed to protect nearly 7 million users’ data in 2023 breach
By Jaimie Ding and The Associated PressMay 29, 2026
1 day ago
Trump may be a lame duck even before the midterms—he primaried all the senators whose votes he needs
PoliticsRepublican Party
Trump may be a lame duck even before the midterms—he primaried all the senators whose votes he needs
By Kevin Freking and The Associated PressMay 29, 2026
1 day ago
Prosecutors issue Google insider trading charges after an employee made more than $1.2 million on Polymarket
North AmericaGoogle
Prosecutors issue Google insider trading charges after an employee made more than $1.2 million on Polymarket
By Wyatte Grantham-Philips and The Associated PressMay 29, 2026
1 day ago

Most Popular

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
Magazine
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
By Emma HinchliffeMay 27, 2026
3 days ago
As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
Success
As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
By Emma BurleighMay 28, 2026
2 days ago
Current price of oil as of May 29, 2026
Personal Finance
Current price of oil as of May 29, 2026
By Joseph HostetlerMay 29, 2026
1 day ago
Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt
Economy
Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt
By Shawn TullyMay 30, 2026
12 hours ago
UBS says Ron DeSantis has a problem with his plan to help 92% of homeowners save on property taxes: His own state's data
Personal Finance
UBS says Ron DeSantis has a problem with his plan to help 92% of homeowners save on property taxes: His own state's data
By Nick LichtenbergMay 28, 2026
2 days ago
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
Success
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
By Nick LichtenbergMay 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.