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China’s leverage rises before high-stakes summit as Supreme Court curbs Trump tariffs
The U.S. Supreme Court’s decision to strike down President Donald Trump’s sweeping tariffs has strengthened China’s hand ahead of a summit with his counterpart Xi Jinping, where Beijing is expected to push for reduced U.S. support for Taiwan, analysts said. In a ruling Friday, the court said Trump wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to implement broad tariffs. That decision has weakened Trump’s negotiating leverage as he prepared for a trip to Beijing in April, said Wendy Cutler, senior vice president at the Asia Society Policy Institute. “He has effectively had his ... (full story)
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From vtmarkets.com | Feb 23, 2026
Silver (XAG/USD) rose 2.13% to about $86.50 in Mondays European session, supported by uncertainty over US trade policy. This followed a US Supreme Court ruling against President Donald Trumps tariff approach. The court said Trump overstepped his authority by using the International Emergency Economic Powers Act (IEEPA) to support tariffs. It blocked ...