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Supreme Court Strikes Down Trump’s Global Tariffs – WSJ

Supreme Court Strikes Down Trump’s Global Tariffs – WSJ

The case involved two categories of tariffs. Trump imposed one category on virtually every country in the world, ostensibly to repair trade deficits. He imposed the other set of tariffs on Mexico, Canada and China, saying those countries are responsible for the flow of illegal fentanyl into the U.S.

The court rejected Trump’s argument that a 1977 law, the International Emergency Economic Powers Act, implicitly authorized both groups of tariffs.

“Had Congress intended to convey the distinct and extraordinary power to impose tariffs, it would have done so expressly,” Roberts wrote.

The White House didn’t immediately respond to a request for comment.

Stock indexes rose modestly after the decision, while trade- and tariff-exposed stocks gained. The dollar slipped and Treasury yields edged higher.

Might be a while before I can ride on bike trial to work …

Based on current trail reports and the upcoming weather forecast for Albany, you can expect the Albany County Helderberg-Hudson Rail Trail to remain snow-covered or icy through late February, with a likelihood of being mostly clear by mid-to-late March 2026.Β 

Current Trail Status (As of February 20, 2026)

  • Conditions: The trail is currently in a “frozen” state with a mix of snow and ice.
  • Maintenance: Albany County does not plow or salt the rail trail during the winter. This means snow removal relies entirely on natural melting, which is often slowed by shaded sections and the trail’s asphalt surface that can trap ice.Β 

Short-Term Forecast (Next 7 Days) 

The immediate forecast includes several “mix” events that will likely prevent the trail from clearing soon:

  • Snow/Rain Mix: Light snow and rain are expected from February 20–22, which will likely lead to slushy or icy conditions rather than a clean melt.
  • Temperatures: Highs will hover near or just above freezing (32Β°F to 40Β°F), which is enough to cause some melting during the day but will lead to refreezing at night, creating dangerous “black ice” patches.Β 

When Will It Be Clear?

  • Typical Timeline: Historically, the trail transitions to being “mostly clear” (at least 75% dry) in late March.
  • Shady Areas: Sections of the trail between Delmar and Voorheesville that are heavily shaded by trees often retain ice and snow weeks after sunny sections have melted.
  • Spring Outlook: Long-range forecasts for April and May 2026 suggest warmer and drier-than-normal conditions, which should lead to a relatively quick final melt once spring temperatures settle in.Β 

Trump Says Shutdown Cost U.S. ‘At Least Two Points’ In GDP

Trump Says Shutdown Cost U.S. ‘At Least Two Points’ In GDP

President Trump said the record-long government shutdown in the fall had a sizable effect on gross domestic product, and repeated his call for lower interest rates.

"Democrat Shutdown cost the U.S.A. at least two points in GDP. That’s why they are doing it, in mini form, again. No Shutdowns!" he posted on his Truth Social platform.

Data due this morning is expected to show fourth-quarter GDP rose by 2.5% at an annualized rate, according to economists polled by The Wall Street Journal—almost two percentage points lower than the 4.4% rate recorded in the previous quarter.