Dollar Down, Treasury Yields Slightly Up as Trump Vows New Tariffs

Friday, February 20, 2026 at 8:30 PM

The dollar weakened on Friday, falling from a four-week high, primarily in response to the Supreme Court striking down President Trump’s global tariffs.

The ruling, which stated Trump exceeded his authority by invoking emergency powers for "reciprocal" tariffs and those targeting fentanyl trafficking, is expected to boost the US budget deficit, further weighing on the dollar. Immediately following the decision, President Trump announced his intention to impose a new 10% global tariff under Section 122 of the Trade Act of 1974, in addition to existing Section 232 and 301 tariffs.

However, Section 122 tariffs are temporary, lasting only 150 days without Congressional approval. The dollar's losses were somewhat limited by stronger-than-expected Dec core PCE price index data and hawkish comments from Atlanta Fed President Raphael Bostic, who advocated for mildly restrictive interest rates. Despite this, weaker US economic indicators like Q4 GDP and manufacturing PMI also contributed to the dollar's decline.

Meanwhile, gold and silver prices rallied, reaching one-week highs, driven by heightened geopolitical risks in the Middle East and the perceived increase in the US budget deficit due to the tariff ruling, boosting demand for precious metals as a safe haven and store of value.

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Data sourced from public RSS feeds and News APIs.

Dollar Down, Treasury Yields Slightly Up as Trump Vows New Tariffs

Friday, February 20, 2026 at 8:30 PM

#Dollar #Supreme Court #Tariffs #Trump

The dollar weakened on Friday, falling from a four-week high, primarily in response to the Supreme Court striking down President Trump’s global tariffs.

Economy★★★Similarity: 82% · 8d ago

With the bulk of President Trump’s tariffs struck down by the Supreme Court, and a new, temporary global tariff in place, fresh questions are hanging over the U.S. economy

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Markets★★★Similarity: 82% · 3d ago

Dollar Edges Lower Amid Investor Caution

The dollar fell against a basket of currencies as tensions between the U.S. and Iran and tariff uncertainty leaf investors cautious.

Politics★★★Similarity: 80% · 9d ago

President Trump said he would increase to 15% from 10% a global tariff that will replace many of the duties ruled illegal by the Supreme Court

The rate, up from the 10% level the president announced a day earlier, is on temporary duties that will replace many of the levies which the Supreme Court ruled illegal.

Markets★★Similarity: 80% · 10d ago

Dollar Could Fall if Treasury Yields Jump on Potential Tariff Ruling

The 10-year Treasury yield fell, with price action suggesting markets expect a U.S. Supreme Court ruling on tariffs that would make it difficult for refunds to be collected by companies.

Data sourced from public RSS feeds and News APIs.

Dollar Down, Treasury Yields Slightly Up as Trump Vows New Tariffs

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