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Message
SCOTUS strikes down Trump tariffs
Posted on 2/20/26 at 9:14 am
Posted on 2/20/26 at 9:14 am
quote:
The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled six to three.
CNBC
Expect a big market rip here
9
Posted on 2/20/26 at 9:17 am to UltimaParadox
What does this mean in practical terms?
Reading else where he has plenty of options available under other statues
Reading else where he has plenty of options available under other statues
Posted on 2/20/26 at 9:18 am to masoncj
Would imagine that would require working with congress, which means a lot of time.
Lawsuits may be coming in that the govt will have to repay collected tariffs
EDIT, long story short the long term repercussions will take a while to play out.
But immediate for global companies is that they probably will no longer be subjected to the tariffs.
Lawsuits may be coming in that the govt will have to repay collected tariffs
EDIT, long story short the long term repercussions will take a while to play out.
But immediate for global companies is that they probably will no longer be subjected to the tariffs.
This post was edited on 2/20/26 at 9:21 am
Posted on 2/20/26 at 9:18 am to UltimaParadox
WOW 
Posted on 2/20/26 at 9:22 am to UltimaParadox
Dow is surprisingly not ripping
Was this baked in?
Was this baked in?
Posted on 2/20/26 at 9:26 am to UltimaParadox
Ironically, this is going to have *major* negative repercussions for gdp readings in 2026, as firms will import huge inventories to get ahead of any new attempts at tariffs
Posted on 2/20/26 at 9:55 am to UltimaParadox
They struck down the mechanism he used to issue blanket tariffs. Can use the same mechanism and re-institute them within the law.
Posted on 2/20/26 at 9:57 am to HailHailtoMichigan!
quote:
Was this baked in?
Yes. The market knew it was unconstitutional and knew how the bench would vote.
Posted on 2/20/26 at 10:04 am to TheBoo
quote:
Can use the same mechanism and re-institute them within the law.
Assuming if they can get something through congress, that is what needs to be done
Posted on 2/20/26 at 10:05 am to UltimaParadox
Doesn't really change anything. He just needs to adjust how he institutes the tariffs.
Posted on 2/20/26 at 10:08 am to UltimaParadox
Have to repay back companies but regular joes don’t get money back from overpayment
Posted on 2/20/26 at 10:13 am to ThermoDynamicTiger
CBS was reporting same thing that he has lots of options jist more oversight
GOP led congress but some of them might be a problem for him
GOP led congress but some of them might be a problem for him
Posted on 2/20/26 at 10:14 am to HailHailtoMichigan!
quote:
Dow is surprisingly not ripping Was this baked in?
The only people who thought this would stand were hardcore Trumpers (can’t do wrong) and hardcore progressives (SCOTUS is bought and paid for by Trump). Anyone who thought SCOTUS would rule by the letter of the law believed this wasn’t going to stand. Most of the uncertainty came from how long it would take and what repayments, if any, would look like.
Posted on 2/20/26 at 10:17 am to fareplay
Correct the money just goes back to USA importers — will be a nice windfall as I highly doubt the end consumer gets the eventual refund
Posted on 2/20/26 at 10:25 am to Joshjrn
The moment Lutnick’s firm Cantor Fitzgerald started buying up tariff refund rights from companies folks should have seen the writing on the wall. Grifters gonna get theirs.
Posted on 2/20/26 at 10:28 am to masoncj
quote:
I highly doubt the end consumer gets the eventual refund
Stores will have an in-person only tariff rebate sale on Tuesday from 10:00 - 1:00.
Posted on 2/20/26 at 11:10 am to BottomlandBrew
Lmfao imagine if you needed receipts. Just spent 15k for wife jewelry in Vegas, would love that 30% back
Posted on 2/20/26 at 11:11 am to UltimaParadox
quote:Is SDVTiger on suicide watch??
SCOTUS strikes down Trump tariffs
Posted on 2/20/26 at 11:13 am to LSURussian
The narrative it seems coming out is that this ruling means nothing. They will just pivot to another obscure law to use. 
ignoring the obvious that this needs to go through Congress
ignoring the obvious that this needs to go through Congress
Posted on 2/20/26 at 12:22 pm to UltimaParadox
quote:
Assuming if they can get something through congress, that is what needs to be done
I don't think he would have the votes in Congress to reinstate many of these tariffs. Republicans would be crazy to take a party-line vote like that in an election year.
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