Feb. 20, 2026 | SCOTUS strikes down Trump tariffs; understanding IRS negative equity decision

Automotive News

20 February 2026

Automotive News reporter John Irwin discusses the Supreme Court’s decision to strike down many Trump tariffs as unconstitutional, and what happens next for the billions paid by the auto industry. Volkswagen workers in Chattanooga ratify their first UAW contract in a landslide. Plus, a look at why the IRS is excluding negative equity from the new auto loan interest deduction and whether that could change.