From Washington: Presidential Power Limits, Refund Chaos, and the Impact of the Supreme Court’s Tariff Decision

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 21 February 2026

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Since the start of his second term, President Trump has relied heavily on the International Emergency Economic Powers Act to implement a wide range of tariffs without Congressional approval. On Friday, however, the Supreme Court ruled those actions unconstitutional. FOX News Chief Legal Correspondent Shannon Bream joins the Rundown to unpack the implications of the ruling—from the potential economic chaos of mandated tariff refunds to the decision’s impact on the President’s high-stakes meeting with Chinese President Xi Jinping. Later, FOX News Chief Congressional Correspondent Chad Pergram joins to discuss the political landscape on Capitol Hill ahead of President Trump’s State of the Union address this coming Tuesday. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:02.3	Saturday, February 21st, 26.
1:06.3	I'm Jared Halpern.
1:07.5	The Supreme Court strikes down President Trump's Liberation Day tariffs.
1:12.9	Essentially, you know, what the court said is this emergency statute that you used never gave you the power for these specific tariffs, not ruling on any other tariffs the president may do, but you can't do them the way you did them here.
	...

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