Global Economy 2026-02-22 12:13:17


Trump pulls endorsement from GOP lawmaker over alleged lack of support for administration’s tariff agenda

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President Donald Trump on Saturday withdrew his endorsement of Rep. Jeff Hurd, R-Colo., accusing the congressman of lacking support for his tariff policies after Hurd publicly touted Congress’ constitutional authority over trade decisions.

“Based on a lack of support, in particular for the unbelievably successful TARIFFS imposed on Foreign Countries and Companies which has made America Richer, Stronger, Bigger, and Better than ever before, I am hereby WITHDRAWING my Endorsement of RINO Congressman Jeff Hurd, of Colorado’s 3rd District, and fully Endorsing Highly Respected Patriot, Hope Scheppelman, to take his place in Congress,” Trump wrote on Truth Social.

The move came one day after Hurd cited the Constitution’s separation of powers following a Supreme Court ruling Friday limiting the president’s tariff authority, and hours after Trump announced he would raise the global tariff rate to 10% and then 15% on Saturday.

The endorsement reversal marks a rare public break between Trump and a Republican incumbent.

JOHN YOO: SUPREME COURT TARIFF RULING SHOULD END COMPLAINTS THAT JUSTICES FAVOR TRUMP

“The Supreme Court has clarified the scope of IEEPA, and that clarification matters,” Hurd posted Friday on X. “Article I assigns Congress the authority to regulate commerce with foreign nations and to impose tariffs. Major trade decisions should rest on clear statutory authority, not expansive emergency interpretations.”

Hurd wrote that while he shares Trump’s broader trade goals, “Strong trade enforcement must be grounded in durable legal footing.”

“If tariffs are necessary, Congress should debate them and vote on them directly. That is how our constitutional system is designed to function,” Hurd said.

TRUMP GIVES GRUDGING PRAISE TO LIBERAL TRIO WHO HELPED SINK HIS TARIFFS

In his Truth Social post announcing the endorsement withdrawal, Trump wrote that Hurd “is one of a small number of Legislators who have let me and our Country down.”

“He is more interested in protecting Foreign Countries that have been ripping us off for decades than he is the United States of America,” Trump added.

Trump also stressed pulling endorsements is uncommon and “difficult” for him:

TRUMP REVEALS HIS ‘NEW HERO’ SUPREME COURT JUSTICE AFTER TARIFFS RULING

“Taking back an Endorsement is a difficult decision for me. I have only done it once before, with a former Congressman named Mo Brooks, from Alabama… These are the decisions that must be made, however, to MAKE AMERICA GREAT AGAIN!”

Earlier Saturday, Trump announced he was raising the global tariff rate from 10% to 15% following a 6-3 Supreme Court decision blocking his use of the International Emergency Economic Powers Act (IEEPA).

“Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday … I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff … to the fully allowed, and legally tested, 15% level,” Trump wrote.

The order was issued under Section 122 of the Trade Act of 1974.

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Trump called the ruling “deeply disappointing,” saying he was “ashamed” of certain members of the court.

Trump praised Hope Scheppelman as a “distinguished Critical Care Nurse Practitioner, and a brave U.S. Navy Veteran, who knows the America First Policies required…” and concluded, “unlike RINO Jeff Hurd, HOPE WILL NEVER LET YOU DOWN!” 

Fox News Digital reached out to Rep. Hurd’s office for comment but did not immediately receive a response.

Truck caught on camera plowing into famed Australian synagogue in alleged hate crime

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Newly released video shows the moment a man allegedly plowed into the famed Brisbane Synagogue in Australia on Friday, before speeding off into the night.

The suspect, a 32-year-old Sunnybank man whose name has not been released, is charged with willful damage, serious vilification or hate crime, dangerous operation of a vehicle, possession of dangerous drugs and possession of utensils or pipes for use, according to Queensland Police.

Authorities said the attack happened just after 7:15 p.m. local time Friday, when a black Toyota Hilux utility truck struck and knocked down the gates of the synagogue, located on Margaret Street.

Footage shows the truck driving in front of the place of worship, and then suddenly stopping and backing up into the gates, knocking one side down.

AUSTRALIAN PM ANNOUNCES NATIONAL BRAVERY HONORS AFTER ANTISEMITIC TERROR ATTACK

The driver could then be seen putting the vehicle back into drive and speeding away in the same direction.

Police quickly tracked down the car and took the driver into custody without incident.

No one was injured during the incident, officials said.

TRUCK SMASHES INTO FAMED SYNAGOGUE, POLICE CHARGE MAN WITH HATE CRIME: ‘VERY DISTRESSING’

The suspect, who is believed to have acted alone, is scheduled to appear in Brisbane Magistrates Court on Saturday.

Authorities said there is no ongoing threat to the community.

The incident came two months after a father and son allegedly carried out Australia’s deadliest terror attack, targeting a Jewish “Hanukkah by the Sea” celebration at Bondi Beach on Dec. 14.

AUSTRALIAN PM ALBANESE GETS BOOED DURING BONDI BEACH VIGIL HONORING HANUKKAH ATTACK VICTIMS

Naveed Akram, 24, and his father, Sajid Akram, 50, are accused of killing 15 people and wounding dozens of others.

Sajid Akram was killed, and Naveed Akram was critically injured in a gun battle with police at the scene.

Naveed Akram is charged with one count of committing a terrorist act, 15 counts of murder, 40 counts of attempted murder and additional firearms and explosives offenses, according to the Commonwealth Director of Public Prosecutions’ website.

BONDI BEACH SUSPECTS FILMED ANTISEMITIC VIDEO MANIFESTO, AUSTRALIAN INVESTIGATORS SAY

Weeks after the massacre, police clashed with anti-Israel demonstrators as Israeli President Isaac Herzog visited Australia.

At least 27 people were arrested, including 10 for allegedly assaulting officers, after violence broke out as authorities attempted to clear thousands of protesters gathered near Sydney’s Town Hall, according to officials.

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Herzog warned of rising antisemitism during the visit, calling it a global emergency, and defended Israel’s actions in Gaza when asked about the protests.

Trump reveals his ‘new hero’ Supreme Court justice after tariffs ruling

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President Donald Trump revealed which Supreme Court justice he considers to be his “new hero” after a high court ruling rejected his sweeping tariff powers on Friday.

Trump made the declaration in a post on his Truth Social platform on Saturday morning, a day after the Supreme Court voted 6-3 to block Trump’s tariff powers under the International Emergency Economic Powers Act (IEEPA).

“My new hero is United States Supreme Court Justice Brett Kavanaugh and, of course, Justices Clarence Thomas and Samuel Alito,” the post read. “There is no doubt in anyone’s mind that they want to, MAKE AMERICA GREAT AGAIN!”

While all three justices voted with the minority, Kavanaugh wrote a fiery dissent that called the high court’s decision “illogical.”

TRUMP RESPONDS TO SUPREME COURT RULING REJECTING SWEEPING TARIFFS POWERS: ‘A DISGRACE’

“As they interpret the statute, the President could, for example, block all imports from China but cannot order even a $1 tariff on goods imported from China,” Kavanaugh wrote. “That approach does not make much sense.”

Kavanaugh asserted that the IEEPA “does not draw such an odd distinction between quotas and embargoes on the one hand and tariffs on the other,” but rather empowers the president to regulate imports during national emergencies using tools such as quotas, embargoes and tariffs.

Trump last year bypassed Congress and unilaterally levied tariffs on nearly every country in the world by invoking the IEEPA. The president argued that an influx of illicit drugs from China, Mexico and Canada and a trade deficit that has decimated American manufacturing constituted emergencies that justified the tariffs.

SCOTT BESSENT SAYS SUPREME COURT STRENGTHENED TRUMP WITH ‘DRACONIAN’ MOVE DESPITE RULING ON TARIFFS

Trump, in a Friday speech remarking on the decision, praised Kavanaugh for “his genius and his great ability,” adding he was “very proud of that appointment.”

Kavanaugh wrote in his dissent that while he disagrees with the court’s ruling, its decision may not “substantially constrain” a president’s ability to order tariffs going forward because of “numerous other federal statutes” that allow the president to impose tariffs.

The justice added that the court’s decision may, however, have substantial interim effects.

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“The United States may be required to refund billions of dollars to importers who paid the IEEPA tariffs, even though some importers may have already passed on costs to consumers or others,” Kavanaugh wrote. “As was acknowledged at oral argument, the refund process is likely to be a ‘mess.’”

He added that the high court’s decision could “generate uncertainty” regarding what the government has said were trade deals worth trillion of dollars with foreign nations, including with China, the United Kingdom and Japan.

Trump on Saturday raised the global tariff to 15% — up from the 10% global tariff he announced Friday in the wake of the Supreme Court ruling. He cited Section 122 of the Trade Act of 1974 in announcing the new levy.

Trump raises global tariff to 15%

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President Donald Trump announced Saturday he is raising a global tariff to 15% after a ruling this week by the Supreme Court.

“Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote on Truth Social.

“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again – GREATER THAN EVER BEFORE!!!” 

In a 6-3 decision Friday, the Supreme Court rejected the president’s authority to issue sweeping tariffs under the International Emergency Economic Powers Act. In response, Trump announced a 10% global tariff, citing a different law.

SUPREME COURT BLOCKS TRUMP TARIFFS IN MAJOR TEST OF EXECUTIVE BRANCH POWERS

“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately,” Trump wrote in a Truth Social post Friday evening.

The order was issued under Section 122 of the Trade Act of 1974 and applies in addition to the standard tariffs that are already in place, the president announced during a White House press briefing Friday afternoon.

DEMOCRATS CHEER SUPREME COURT MOVE BLOCKING TRUMP TARIFFS – DESPITE PAST SUPPORT FOR TRADE DUTIES

The high court blocked Trump’s tariffs levied under the International Emergency Economic Powers Act in what amounts to a major test of executive branch authority.

The president noted he will pursue “alternatives” to tariffs under emergency law.

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Trump called the ruling “deeply disappointing,” saying he was “ashamed” of certain members of the court.

Sen John Kennedy says ‘grizzly’ Trump secured trade wins despite SCOTUS tariff blow

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Sen. John Kennedy, R-La., offered an optimistic perspective on the Supreme Court’s tariff ruling, arguing the “grizzly” in the Oval Office should view it as a win.

In a 6-3 ruling Friday, the high court struck down President Donald Trump’s global tariff authority under the International Emergency Economic Powers Act (IEEPA). 

Despite the legal setback, Kennedy argued Trump’s use of tariffs has secured strong trade deals and could boost the economy.

“Stevie Wonder could see this decision coming,” Kennedy said on “Fox & Friends Weekend.”

KAVANAUGH RIPS SUPREME COURT MAJORITY’S ‘ILLOGICAL’ LINE ON TARIFFS

Democrats lauded the Supreme Court’s ruling as a victory, arguing tariffs raise prices for everyday Americans. Kennedy, however, questioned what would happen with the tariff revenue already collected.

“My Democratic colleagues are saying, ‘Oh, give it back, give back,’” he said.

“My Democratic peeps better be careful what they ask for because if he gives back $300 billion worth of tariff money to the business community in America, this economy’s [going to] roar, man, and the midterms are only a few months off,” Kennedy added.

AS TRUMP TOUTS TARIFF WINDFALL, BATTLEGROUND STATES SHOULDER BILLIONS IN COSTS

In January alone, tariff revenue totaled $30.4 billion, a 275% increase compared to January 2025. The White House said the funds could help pay for domestic initiatives and reduce the national debt.

“The president didn’t just sit around admiring that trade authority, that tariff authority, sucking on his teeth. He used it, and he used it to negotiate trade agreements,” Kennedy said.

Tariffs have become a signature point of the second Trump administration. In 2025, the president declared the country’s trade deficit a “national emergency,” asserting that the IEEPA allowed him to assume broad tariff authority.

“He believes in being a bear. And he thinks if you’re [going to] be a bear, be a grizzly,” Kennedy said of Trump’s aggressive trade strategy.

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In response to the Supreme Court ruling, the president signed a new order Friday afternoon imposing a 10% global tariff under separate legal authority.

“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately,” Trump wrote on Truth Social Friday.

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