Yesterday’s News 2026 02 25

curated news excerpts & citations

Containers are stacked at the Port of Long Beach Friday, Feb. 20, 2026, in Long Beach, Calif. (AP Photo/Damian Dovarganes)

CNN: Trump’s tariff troubles might not be over


To the extent the Trump team can justify the global tariffs under this [“balance of payments” deficit] authority, they’ll need to offer a completely different justification than they’ve been using to this point.

Or they’ll have to convince judges of a rather novel reading of Section 122 in which trade deficits are balance-of-payments deficits.

But on both counts, their past arguments could come back to haunt them.


(CNN more…)

Judd Legum: Trump’s new tariffs are just as illegal as his old tariffs

WSJ: The Unending Trump Tariff Mess

Section 122, the basis for his new tax plan, is a relic of a bygone age.

Paul Krugman: Attack of the Zombie Tariffs

Forbes: Trump’s Latest Tariff Flip-Flop: Opposing Refunds After Promising Them In Court

Dan Pfeiffer: Trump Stole Your Money. He Won’t Give It Back.

James Eagle: US job growth had its weakest year in decades, and it was not a recession


US job growth in 2025


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