The Supreme Court tariff ruling has created the need for U.S. Trade Representative Jamieson Greer and U.S. Commerce Secretary Howard Lutnick to modify the baseline tariff approach with the approvals of President Trump.

The baseline tariffs are being reset to 10% with upward adjustment to 15% as planned.  The reciprocal tariffs will not require any substantive modifications as most of the Free Trade Agreements have been cemented with reciprocity tariffs as part of the negotiated deals.

USTR Greer appears on Bloomberg to clarify the current situation and provide some information as to the transitional baseline tariffs as now modified. Additionally, and importantly, Greer begins discussing the USMCA review and his acceptance that President Trump is openly questioning the value for us. Greer notes Mexico and Canada being used as import hubs to avoid tariffs is a big issue. WATCH:

Section 232 [Steel and Aluminum examples] of the Trade Expansion Act of 1962 (19 U.S.C. §1862, as amended) authorizes the President to impose trade restrictions—such as a tariff or quota—if the Secretary of Commerce determines, following an investigation, that imports of a good “threaten to impair” U.S. national security. {SOURCE}

Section 301 tariffs are a trade enforcement mechanism established under the Trade Act of 1974. They allow the U.S. government to impose tariffs on imports from countries that are found to be engaging in unfair trade practices. The Office of the United States Trade Representative (USTR) conducts investigations to determine if a country is violating trade agreements, and if so, it can impose tariffs as a corrective measure {SOURCE}

Section 122 of the Trade Act of 1974 allows the U.S. president to impose tariffs of up to 15% to address “large and serious” balance-of-payments deficits. This authority can be exercised without prior congressional approval for a limited duration of 150 days. After this period, any tariffs must be extended by Congress. {SOURCE}

*FYI, there is a lot of distracting noise in the various social media platforms about internecine MAGA battles and ego-driven points of specific interest.  CTH chooses to focus energy and attention on the substantive policy issues that will generate substantive policy outcomes for America.

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The highest court in Panama has nulled the ‘Chinese’ contract for the operation of both entrance ports on the Panama Canal.  The Panamanian government took back control and assigned operations to APM Terminals, a subsidiary of the Danish group A.P. Moller-Maersk.

The state takeover comes after a 14-month long saga begun by President Trump who reasserted American interests in the hemisphere and rejected the concept of allowing China to have strategic control over such vital North American infrastructure.

President Trump did not mince words in December of 2024 when he said, “[The Panama Canal] was not given for the benefit of others, but merely as a token of cooperation with us and Panama,” Trump concluded. “If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to us, in full, and without question.”  Marco Rubio was then dispatched as an intermediary in Feb 2025.

Then, last month, Panama’s Supreme Court struck down the law approving the concession contract for Panama Ports Company, a subsidiary of CK Hutchison (China/Hong Kong). The court ruling also invalidated an extension granted in 2021, stripping the port operations of any current legal standing.  Now, Panama has taken over.

(MSM) – The government of Panama has seized control of two ports on either end of the Panama Canal from a Hong Kong conglomerate following a recent ruling by the country’s Supreme Court.

Hong Kong’s CK Hutchison said on Tuesday that Panama’s government had “made direct physical entry into the terminals at Balboa and Cristobal” and assumed “administrative and operational control” over the two ports on the Panama Canal.

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The European Union has a major targeting effort against Hungarian Prime Minister Viktor Orban, an ally of President Trump who does not support giving additional funding to the Ukraine war effort.  Hungary is having national elections in April.

Previously, USAID Administrator Samantha Power spent considerable time in Hungary organizing activist groups to conduct operations against the government {2023 – Go Deep}.  Last week a German based NGO called Democracy Reporting International, won a ruling from a Berlin judge to force the X platform to turn over data related to support for Viktor Orban and the government of Hungary.

All of this opposition to Prime Minister Orban seems to be coordinated by quasi government agencies on behalf of Brussels and their interventionist intentions.  We may remember it was also information from German intelligence, that was behind the nullification of the Romanian first-round election {GO DEEP}.

However, Viktor Orban is fighting back and refusing to approve the funding of the Ukraine war despite the massive pressure campaign from inside the European Union.

💶 If the war ends, funding ends. Ukraine’s plan: make sure the war doesn’t stop.

🇭🇺🇨🇿🇸🇰 Thankfully, common sense still prevails in Hungary, the Czech Republic, and Slovakia. We will not risk our families’ future by sending € billions to fund someone else’s war.

The time for… pic.twitter.com/JXsd5bt43i

— Orbán Viktor (@PM_ViktorOrban) February 21, 2026

As noted by Hungarian Minister Zoltan Kovacs, “Many have asked how Hungary can block the €90 billion Ukrainian war loan if we are not participating in it. clarified that the loan does not affect Hungary and does not entail any financial commitment for us. As Hungary is not part of the cooperation, in most of the decision-making procedures we do not even vote.  However, he pointed out that for the scheme to function, the EU’s seven-year budget guarantee rules must be amended – and this requires the approval of all 27 member states, not only the financing member states. We are now blocking this decision, without which the war loan cannot be disbursed.”

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Tucker Carlson interviews U.S. Ambassador to Israel Mike Huckabee against the background of a potential U.S. military operation against Iran. Apparently, Carlson and Huckabee had some public disagreements on the subject of Israel, and this interview came about as Ambassador Huckabee invited Carlson for an interview.

The interview is filled with uncomfortable friction as Carlson asks many questions that come from ongoing reviews of the files of Jeffrey Epstein. Mr Carlson confronts Ambassador Huckabee with his personal opinion that the U.S. Ambassador works for Israel and not the best interests of the United States.

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President Trump travels to Rome Georgia today to deliver remarks on the economy from Coosa Steel Corporation. The anticipated start time is 4:00pm ET. Livestream Links Below.

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The high court has indicated it will be releasing opinions on one or more of the previously argued cases on Friday February 20, Tuesday Feb 24, or Wednesday Feb 25.  The decision over tariffs triggered by President Trump using the International Emergency Economic Powers Act (IEEPA) is one of the decisions now considered highly likely to surface.

If the decision doesn’t come this Friday, a rather interesting situation unfolds.  The following week falls into the Tuesday Feb 24 State of the Union address.

Typically, several Supreme Court justices sit in front row of the House floor during the speech.  The decision could be released on the morning of the speech, or justices could actually sit in the audience – knowing the outcome and the morning after the State of the Union address, the ruling could be released.

Now, there is a possibility the ruling will not come out in this cycle, but that is diminishing possibility considering the length of time the Supreme Court has sat on this opinion.

The court knows the importance of this decision, and they obviously know the State of the Union speech is scheduled to be delivered on Tuesday the 24th.  This will be an interesting dynamic to watch unfold.

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While the government of Canadian Prime Minister Mark Carney has inked a trade agreement with China to accept cheap imported vehicles in exchange for Beijing purchasing some agricultural products, President Trump has promised those cheap Chinese EVs will never cross the border into the USA.

The Canadian polling on the issue has done a remarkable chang in the past few years.  Now, the majority of Canadians are willing to purchase cheap Chinese EVs. As outlined by Bloomberg, “More than half of Canadians, or 53%, say that knowing an EV was made in China would have no effect on their purchasing decision, according to a new poll by Nanos Research Group for Bloomberg News.”

Approximately 50,000 Chinese electric vehicles will enter the Canadian market in the first year. “The pact with China includes a provision that part of the quota will be reserved for electric vehicles priced at C$35,000 ($25,700) or less, the government has said.” {SOURCE}

The Canadian government wants a Chinese auto manufacturer, any Chinese auto manufacturer, to build factories in Canada to produce these electric vehicles.  Canada wants the jobs and economic activity because Canada is currently bleeding jobs and economic activity due to the trade conflict with the U.S.

Building cheap Chinese EVs in Canada might help offset a few thousand job losses, but building Chinese EVs in Canada only further ensures there will not be a substantive trade agreement between the USA and Canada once the USMCA (CUSMA) is dissolved.  [More on that coming]

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Overnight in the USA time zones, Secretary of State Marco Rubio delivered a very important speech at the Munich Security Conference [3:00am ET].  The video is below [prompted] and a FULL transcription will soon follow Added Below:.

This is a critically worded speech that is very important to listen to with great deliberation.  Within his remarks Rubio is telling Europe that we want to remain allied in our interests, but we are no longer going to allow the system of “globalism” to destroy our uniquely American life.

The United States is separating from the madness; this is not up for debate. The only question is whether Europe is too far gone, or whether they will join us.

The euphoria that followed the collapse of the Berlin Wall, “led us to a dangerous delusion.  That we had entered quote the end of history. That every nation would now be a liberal democracy; that the ties formed by trade and by commerce alone would now replace nationhood. That the rules-based global order, an overused term, would now replace the national interest, and that we would now live in a world without borders where everyone became a citizen of the world. This was a foolish idea that ignored both human nature and it ignored the lessons of over 5,000 years of recorded human history, and it has cost us dearly.” 

[Transcript] SECRETARY RUBIO:  “Thank you very much.  We gather here today as members of a historic alliance, an alliance that saved and changed the world.  When this conference began in 1963, it was in a nation – actually, it was on a continent – that was divided against itself.  The line between communism and freedom ran through the heart of Germany.  The first barbed fences of the Berlin Wall had gone up just two years prior.

And just months before that first conference, before our predecessors first met here, here in Munich, the Cuban Missile Crisis had brought the world to the brink of nuclear destruction.  Even as World War II still burned fresh in the memory of Americans and Europeans alike, we found ourselves staring down the barrel of a new global catastrophe – one with the potential for a new kind of destruction, more apocalyptic and final than anything before in the history of mankind.

At the time of that first gathering, Soviet communism was on the march.  Thousands of years of Western civilization hung in the balance.  At that time, victory was far from certain.  But we were driven by a common purpose.  We were unified not just by what we were fighting against; we were unified by what we were fighting for.  And together, Europe and America prevailed and a continent was rebuilt.  Our people prospered.  In time, the East and West blocs were reunited. A civilization was once again made whole. ”

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The pundits, economists and financial media are shocked, perplexed, befuddled and flummoxed.  The Bureau of Labor and Statistics has released the January inflation data [SEE HERE] and the results are much better than they expected.

Overall inflation is 2.4% year-over-year, and there are zero indications that tariffs are having any impact on consumer prices [See Apparel].

[DATA LINK]

CORE inflation, which removes food and energy, comes in at 2.5% year-over-year, the lowest number since March 2021. This is like reliving 2018 all over again, when the pundits proclaimed with absolute certainty that Trump’s tariff approach was going to cause inflation; it never happened.

VIA ABC – Inflation cooled in January, dropping price increases to their lowest level in nine months, new data from the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs.

Prices rose 2.4% in January compared to a year earlier, according to the Consumer Price Index.

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U.S. Secretary of State and National Security Advisor, Marco Rubio, departs from Joint Base Andrews en route to Germany, where he will attend the Munich Security Conference.

Giving brief remarks to the traveling press pool, Secretary Rubio notes, “this conference is at a defining moment.” Further stating, “the world is changing very fast in front of us. The old world is gone, frankly; the world I grew up in, and we live in a new era in geopolitics. And it’s going to require all of us to reexamine what that looks like and what our role is going to be.”  WATCH:

Within the notes about the current geopolitical stakes of the world, Rubio alludes to his own reset and way of thinking or approaching U.S. national security issues and policies.

As new alliances form, new national viewpoints and sovereign discussions take shape, multinational globalism has ended, and a new world of strategic national alliances has risen.  The era of Bush and John McCain has ended, and with-it Marco Rubio accepts the sovereign state framework of President Trump.

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