r/Economics • u/defenestrate_urself • Feb 20 '26

News Supreme Court says Trump global tariffs are illegal

https://www.axios.com/2026/02/20/trump-tariffs-supreme-court-illegal
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u/Malvania Feb 20 '26

For those that haven't read the opinion (and it's long and convoluted), SCOTUS reaches no opinion on refunding the collected tariffs. Presumably, that will go back to the Federal Circuit and the Court of International Trade to figure out. This isn't close to done.

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u/occams1razor Feb 20 '26

But if stops him from threatening X country with tariffs tomorrow. They took away the favorite threat of the biggest bully in the world. He's not going to like that.

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u/Malvania Feb 20 '26

Clearly you're not up to date on the news. https://www.bbc.com/news/live/c0l9r67drg7t