From the New York Times, I'm Natalie Kittrow-F. This is the Daily.

In the wake of the monumental Supreme Court ruling, striking down President Trump's tariffs,

the entire world is scrambling to understand what comes next.

Will countries back away from the massive deals they made with Trump?

Will companies get refunds for the billions they already spent on tariffs?

And will Trump actually be constrained by any of this?

Today, my colleagues Tyler Pager,

Anna Swanson, and Andrew Ross Sorkin

explained.

It's Monday, February 23rd.

Tyler, you cover the White House.

Andrew, you cover corporate America.

Anna, you cover trade.

Thank you all for joining me on this Sunday afternoon.

Thanks so much, Natalie.

Thanks for having us.

Yeah, glad to be here.

So to catch us up from where we left things on Friday with the massive news that the Supreme Court had invalidated most of the administration's tariffs, we saw Trump respond, first by putting in place a new 10% tariff on imports across the board, and then jacking it up to 15% over the weekend. We're going to get into the specifics of that today.

But just to start, what have the reactions been in the worlds that you all cover? Tyler, I want to start with you. Take us inside the reaction from the White House. On Friday morning, the president was

speaking to a group of governors in the east room of the White House,

when James and Greer, the trade representative, handed him a note,

alerting him to the Supreme Court's decision.

...