Story perspectives

Trump Ends Emergency Tariffs, Markets React with Decline

2/24/2026

Summary

Story summary

U.S. President Donald Trump announced the United States will stop collecting tariffs the Supreme Court ruled were imposed under emergency powers.
The U.S. Customs and Border Protection (CBP) will deactivate tariff codes tied to the International Emergency Economic Powers Act.
Trump introduced a 15% global tariff.
Markets reacted negatively as the dollar fell and gold rose.
Separately, Farah, a gay Moroccan woman, was deported despite U.S. protection.

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Story summary

U.S. President Donald Trump announced the United States will stop collecting tariffs the Supreme Court ruled were imposed under emergency powers.
The U.S. Customs and Border Protection (CBP) will deactivate tariff codes tied to the International Emergency Economic Powers Act.
Trump introduced a 15% global tariff.
Markets reacted negatively as the dollar fell and gold rose.
Separately, Farah, a gay Moroccan woman, was deported despite U.S. protection.