NPR News: 02-20-2026 7PM EST
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🗓️ 21 February 2026
⏱️ 5 minutes
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| 0:00.0 | Support for NPR comes from NPR member stations and Eric and Wendy Schmidt through the Schmidt Family Foundation, working toward a healthy, resilient, secure world for all. On the web at theshmit.org. |
| 0:14.8 | Live from NPR News in Washington, I'm Rylan Barton. President Trump has signed an executive order that he says |
| 0:21.6 | imposes a 10% global tariff on all countries effective immediately. It comes after the Supreme |
| 0:28.1 | Court struck down his sweeping use of tariffs. The tariffs affected goods from countries |
| 0:32.5 | around the world. New York-based wine importer VOS selections is one of several plaintiffs that sued the Trump administration over its tariff powers. |
| 0:41.1 | The company's founder, Victor Schwartz, says the administration should refund importers like him. |
| 0:45.5 | There's been so much communication challenges, so many financial challenges, finding the money to pay the tariffs. |
| 0:51.5 | It put a big hole in our cash flow. |
| 0:53.9 | When you have to come up with that kind of money, you know, for us, it's like in the six- pay the tariffs. It put a big hole in our cash flow. When you have to come up with that |
| 0:54.9 | kind of money, you know, for us, it's like in the six-figure range. Where's that money going to |
| 1:00.0 | come from? I can't, I can't go to the bond market and raise money like a large corporation. |
| 1:04.7 | So it's been an existential threat. Even Trump's new global tariff will require congressional approval after 150 |
| 1:12.6 | days. The Supreme Court's decision to limit President Trump's ability to impose tariffs is |
| 1:17.2 | reverberating in Latin America. NPR's Ader-Peralta reports it may have effects in Mexico and |
| 1:22.5 | Cuba. President Trump declared a national emergency incited drug trafficking as a reason to place |
| 1:27.3 | 25 percent tariffs on Mexico. |
| 1:30.1 | The Supreme Court said that was unconstitutional. |
| 1:33.1 | But Mexican economists say the effect may be limited because Trump had also issued exemptions. |
| 1:38.2 | About 80% of Mexican exports to the U.S. are not subject to any taxes. |
| 1:43.0 | Where the Supreme Court decision might have a big effect |
| 1:45.4 | is on an executive order Trump issued on Cuba, citing emergency powers Trump tacitly threatened Mexico |
| 1:51.5 | with tariffs if they kept sending oil to Cuba. Mexico had become the island's largest provider |
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