Fox News Hourly Update
Reaction pours in from both sides of aisle over SCOTUS tariff ruling
20 Feb 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What was the Supreme Court's ruling on Trump tariffs?
Many Trump tariffs have been struck down. Elisa Brady, Fox News. The U.S. Supreme Court ruling against his use of an Emergency Powers Act to levy far-reaching tariffs. Three dissenters arguing there was room in the statute's language to allow it.
And though you have this cobbling together of some Republican appointees and Democrat appointees, those six who agree the president can't do this, they get there in different ways. They get to this conclusion in different ways, but agree on the end result. And basically what it sounds like is Congress would have to clarify this in some other way.
The president should use, if he wants to, the tariffs that are clearly spelled out for him under current federal statutes. But if he wants the power under this particular statute, he's going to have to get a modification from Congress to do it.
Fox's Shannon Bream. When the decision came out, President Trump was in a meeting with governors, including Utah Republican Spencer Cox.
He just expressed his disappointment. He did say that they were kind of planning for this and that they had thought about some workarounds, making sure that those trade deals stay in place.
The president is now set to hold a press briefing. Democrats are hailing the decision as a win for consumers and businesses. Some also calling for refunds of tariffs struck down, which isn't part of the ruling. California Governor Gavin Newsom just posting time to pay the piper, Donald, accusing the president. of an illegal cash grab.
But after House Minority Leader Hakeem Jeffries called the president a wannabe king, Republican Senator Rand Paul wrote, this ruling will also prevent a future president from using emergency powers to enact socialism.
The economy taps the brakes. Economic growth slowed in the fourth quarter, expanding just 1.4 percent, weaker than predicted and down from 4.4 percent in the third quarter.
Fox's Jenny Kosola, the president blaming the government shutdown and calling again for lower interest rates. But the latest inflation report could further complicate that for the Fed with an uptick in December. America is listening to Fox News.
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Chapter 2: How are different political figures reacting to the tariff ruling?
Neither of the men are criminally convicted, nor do they admit any wrongdoing. It's not the first time the disgraced Epstein's estate has settled claims. It previously paid $121 million to a restitution fund.
Foxes have been brown. Stocks holding on to some gains for now. The Dow is up about 20 points. The Nasdaq up 146. I'm Lisa Brady, Fox News.