“We Are Not Going to Wait”: U.S. Trade Chief’s New Tariff Plan After Supreme Court Setback

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 26 February 2026

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump is moving ahead with his trade agenda despite a Supreme Court ruling limiting his emergency tariff powers. U.S. Trade Representative Jamieson Greer joins the Rundown from Capitol Hill's rotunda to explain how the administration plans to use alternative legal tools to keep tariffs in place. He also discusses the over $160 billion worth of refunds possibly owed to importers, a high-stakes meeting with China’s President Xi, and the possibility of renegotiating the USMCA separately with Canada and Mexico.A budget showdown over mass deportations and ICE funding has reached a breaking point as Republicans accuse Democrats of "kneecapping" federal enforcement. While billions in front-loaded funding have secured resources for the wall and detention facilities, sanctuary city policies are fueling dangerous confrontations in places like Minnesota. Senator Eric Schmitt (R-MO) joins to discuss these domestic security battles and the high-stakes nuclear negotiations with an increasingly isolated Iranian regime. Plus, commentary by Jillian Michaels, health advocate, entrepreneur and bestselling author. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Tom Shaloo. I'm Liz Peek. I'm Charles Payne and this is the Fox News Rundown.
0:08.5	Thursday, February 26, 2026. I'm Jared Halpern. President Trump is pressing on with his tariff agenda
0:16.8	despite the Supreme Court setback. His trade representative lays out the road ahead. The tariff program
0:23.7	is going to look a lot like the one we've had for the past year. That's what we're going for.
0:27.5	We're going for continuity. I'm Dave Anthony. The Department of Homeland Security is still mostly
0:33.8	unfunded, and maybe for a while, as Democrats demand big reforms to the Trump
0:39.1	illegal immigration crackdown.
0:41.1	What this is really about is their attempt to sort of kneecap ICE enforcement, and that's not
0:45.5	going to happen.
0:46.0	We're not going along with that.
0:47.4	We speak with Republican Senator Eric Schmidt.
0:50.3	And I'm Julian Michaels.
0:52.1	I've got the final word on the Fox News rundown.
0:59.8	President Trump still has big plans for tariff revenues.
1:03.8	As time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern day
1:13.0	system of income tax, taking a great financial burden off the people that I love.
1:18.5	During Tuesday night's State of the Union address, the president again voiced his displeasure
1:22.9	with last week's Supreme Court opinion that limits the kind of emergency tariffs he can impose.
1:28.6	Four justices, including three who ruled against the administration, sat stone-faced in the
1:34.4	front row of the House chamber. Despite the disappointing ruling, these powerful, country saving.
1:41.6	It's saving our country, the kind of money we're taking in. Peace protecting
1:47.1	many of the wars I settled was because of the threat of tariffs. I wouldn't have been able to
	...

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