Trump Overstepped Authority on Tariffs, Says Nevada Attorney General
Bloomberg Markets and Finance
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February 23, 2026 at 09:00 PM UTC
Bullish
80% Confidence
Watch on YouTube
Key Points
- SCOTUS ruled 6-3 against Trump's tariffs, stating he exceeded federal authority.
- Nevada AG Aaron Ford was 'not at all surprised' by the ruling, which he considers a matter of the rule of law.
- Ford and his AG colleagues are contemplating efforts to secure refunds for businesses, with congressional efforts also underway to require such refunds.
- Nevada businesses are estimated to have paid up to $970 million in these struck-down tariffs.
AI Summary
Nevada Attorney General Aaron Ford discusses the Supreme Court's 6-3 ruling against former President Trump's tariffs, stating Trump overstepped his authority. Ford indicates that he and his attorney general colleagues are contemplating next steps to secure refunds for businesses that paid these 'unlawful' tariffs, with Nevada businesses alone having paid nearly $1 billion.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 80% |
| Consensus | Bullish | 80% |