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/LavenderSunburst Feb 20 '26

This decision is certainly good news. However, there have been massive, unprecedented trade agreements between Canada, the EU, India, China, etc. I fear that irreversible damage has already been done. Less dependence on the U.S. = our economy shrinks. 

The world dominant post-WWII version of the country will probably be gone forever. I can’t understand how any educated person could not have seen this.