2026-02-21
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New economic data show that growth slowed and inflation rose at the end of last year.
Plus, the Supreme Court rules that President Trump's global tariffs are illegal.
President Trump responds with more tariffs.
and meet the Republican Congresswoman pushing back on Trump's immigration policies.
It's Friday, February 20th.
I'm Alex Ocilla for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
The US Supreme Court ruled today that President Trump's tariffs are illegal.
In its six to three decision,
the justices found that the president went too far in enacting his most sweeping tariffs without clear authorization from Congress.
The first time the Supreme Court has definitively struck down one of Trump's second term policies.
For more on the implications of the ruling,
I'm joined now by WSJ Economic Policy reporter Gavin Bade.
Gavin, the case involved two categories of tariffs,