President Trump has learnt the hard way that he can't just impose tariffs by Executive Order. The U.S. Supreme Court may be beefed up by his own nominees, but they have shown that they do understand the law. We're now beset by uncertainties: on tariffs, refunds, exchange rates and U.S. public debt. The financial markets hate uncertainty, and his 150-day 'Section 122' tariffs won't fend off the risk of financial meltdown unless a long-term solution can be agreed on a cross-party basis. Background music: 'Confliction & Catharsis' by Asher Fulero

Published: Mon 23 February 2026