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On February 20, 2026, the U.S. Supreme Court ruled that President Trump's sweeping IEEPA tariffs were unlawful. Within hours, Trump signed a new executive order imposing a 10% global tariff under Section 122 of the Trade Act of 1974 — later raised to 15% on Truth Social. This video breaks down the 72-hour chaos window: the customs system transition happening overnight, the European Parliament's emergency vote to freeze the Turnberry Agreement, Trump's State of the Union address, and why Mark Carney's strategic silence may be the most powerful response Ottawa has ever deployed. We analyze the Section 122 statute's 150-day expiration, the collision with the CUSMA trade review in July 2026, the $133 billion refund crisis from illegally collected IEEPA tariffs, the Yale Budget Lab's household cost projections, the Republican Party's growing fracture on trade policy ahead of midterm elections, and what Canada's negotiating position looks like as this all converges. This is not just a trade story. This is the moment American trade credibility started collapsing in real time. 🔔 Subscribe and turn on notifications — the CUSMA review, Section 122 expiration, and EU trade freeze are all converging in the same window. #Trump #Canada #Carney #Tariffs #SupremeCourt #IEEPA #Section122 #TradeWar #CUSMA #USMCA #EU #TurnberryAgreement #Economics #Geopolitics #BreakingNews #TradePolicy #USCanada #MarkCarney #DonaldTrump #MidtermElections #GlobalTrade #EconomicCrisis #TariffChaos #2026 DISCLAIMER: This video provides geopolitical analysis and commentary based on publicly available information from government documents, court rulings, economic reports, and credible news sources. It is intended for educational and informational purposes. All opinions expressed are those of the creator. This is not financial, legal, or investment advice. Keywords targeted: Trump tariffs 2026, Supreme Court IEEPA ruling, Section 122 tariffs, Canada trade war, Mark Carney, CUSMA review, EU freezes trade deal, Turnberry Agreement, Trump Carney, tariff refunds, US Canada tariffs today, Trump Supreme Court loss, global tariffs February 2026, trade war update.