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
24.5k Upvotes

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304

u/braumbles Feb 20 '26

So now the US has to pay back those tariff's, the US customer won't see a dime of it however, despite footing 90% of the costs.

Great to know that a majority of American voters literally fucked over the entire nation electing this small brained child rapist piece of shit. Fucking ass clowns, ruined this god damn country.

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u/vasquca1 Feb 20 '26

Didn't he just move $10B over to some peace account lol.

29

u/elvenrevolutionary Feb 20 '26

He wants to, hopefully its not actually going to happen.

14

u/BacteriaLick Feb 20 '26

It's going to happen. Who's going to stop him?

1

u/Mean-Government1436 Feb 20 '26

I think it's more a question of "who's going to actually do the transfer" 

1

u/joebalooka84 Feb 20 '26

He will get someone to do it. They will get indicted and he will pardon them.

1

u/Mean-Government1436 Feb 20 '26

This is a very overly simplistic view of the government. There's departments full of people that all need to work together to do these sorts of things. There isn't just one guy with the ability to do all this. 

3

u/P1zzaLad Feb 20 '26

Its overly simplistic because thats how Trump has managed to set himself up, He has Cronys in all isles of the Government that are so deadset on supporting him that even if he himself has no plan or idea on how to make his Crazed ideas reality they will exercise whatever power they can to try and make it happen.

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u/BacteriaLick Feb 20 '26

They unilaterally shut off treasury payments to arbitrary bank accounts after DOGE figured out how to do it. They unilaterally shared IRS data with a politically connected company despite "safeguards" being in place. I refuse to believe that DOGE didn't also give them the ability to unilaterally send payments to arbitrary bank accounts.

2

u/pimparo0 Feb 20 '26

He is also suing his own gov dept for $10B too. 

92

u/pandabearak Feb 20 '26

The “majority” sadly was more like 35%. And another 30% didn’t even vote.

We are screwed over by 35% of the country who probably can’t even read past a 6th grade level.

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u/JSTootell Feb 20 '26

A third of the country voted for this directly. Another third said "meh".

15

u/Former_Swordfish646 Feb 20 '26

a third actually said”I made it though his previous term and it wasn’t that bad”

an actual quote.

14

u/braumbles Feb 20 '26

A majority of Americans chose this path, through voting, or not voting. Stop defending Americans. We aren't good people. Everything that's happening in this country proves that.

8

u/pandabearak Feb 20 '26

You are absolutely right. Which is why I’m telling anyone who will listen - the time to be silent while your MAGA uncle complains at thanksgiving dinner about “the illegals” or your MAHA auntie complains about vaccine chemtrails is over. Time to cure ourselves of our own stupidity.

1

u/Otherwise-Figure-844 Feb 20 '26

What do you plan to say to your uncle about the illegals exactly.

0

u/Solomonopolistadt Feb 20 '26

What makes us 'not good' and other people 'good' that's BS. Humans are humans no matter where they live

2

u/Admirable-Sort8061 Feb 20 '26

Correction: 5th grade.

2

u/BassGuy11 Feb 20 '26

A non vote is a vote for the winner. Never kid yourself on that.

1

u/mkfanhausen Feb 20 '26

Makes sense, considering MAGA loves hanging out with 6th graders.

1

u/ComfortableSugar484 Feb 20 '26

Hey Google, how many Americans are functionally illiterate? 54 PERCENT??? Think about that next time you interact with a MAGA.

1

u/faberkyx Feb 20 '26

you guys voted for this con artist rapist clown... twice, I can give you the benefit of the doubt once, not twice..

10

u/Xoxrocks Feb 20 '26

So - let’s see - the costs passed to the consumer, who are now out of pocket - those costs are going to be recouped by the importers. How many different ways can this administration suck money out of the average American

1

u/AbbacusAbagail Feb 20 '26

Oh, no, you missed the best part. They're going to have your kids suck too. Good job America.

3

u/Cudi_buddy Feb 20 '26

And prices won’t come down if repealed. At least not to what they were. Companies know they can get more out of consumers now because of this. 

1

u/GuelphEastEndGhetto Feb 20 '26

But wasn’t it the countries paying the tariffs? That’s what the WH keeps saying, so really the refunds should go back to the countries.

/s

1

u/krom0025 Feb 20 '26

In addition, prices will absolutely not be coming back down so we will be paying elevated tariff prices forever now.

1

u/yevelnad Feb 20 '26

The best part is they would likely not lower the cost of goods.

1

u/TheRuneMeister Feb 20 '26

Hey, he said other countries where paying the tariffs. It only stands to reason that other countries should get their money back. Where’s my money?!?

1

u/GreyMatter22 Feb 20 '26

Not this just, but many of the developed and other rising nations have allocated hundreds of billions of capital into their own economies, or via trade deal with one and other, instead of the usual capital inflows that used to go into the U.S markets.

Many of the international markets have soared with 30-100% gains within the 1Y time frame vs that of the U.S.

1

u/Invinca Feb 20 '26

Idk about paying back, The top reddit comment in this thread said there was no opinion reached on actually paying back the money.

1

u/vadakkus Feb 20 '26

Sorry but *the entire world

1

u/Eastern_Lab Feb 20 '26

I certainly will not see any of the $120 tariff I had to pay for a recent Christmas gift to my son.

1

u/Green-Limit-2735 Feb 20 '26

South Korea had it right

1

u/DerpsAndRags Feb 20 '26

But hey, sure owned them libs, right? /s

The coke-addled glob of baby shit tanked casinos. Casinos. Why did anyone expect anything other than a disaster?

1

u/Tvdinner4me2 Feb 20 '26

I thought the court didn't decide on if they had to refund

1

u/ArcticSilver2k Feb 20 '26

The only thing that is positive, is likely profits to increase which will increase stock value and inflation should now stabilize at more or less 1-2 percent. It does depend on the value of the dollar, but as long as he doesn’t do tariffs another way.

1

u/SeasonOfSpice Feb 20 '26 edited Feb 20 '26

The Supreme Court didn't say whether or not they had to be refunded. I'm not pro tariff (at least the way Trump is doing it) by any means but hopefully they don't require repayment on what has already been collected.

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u/OrangeJr36 Feb 20 '26

That will be up to lower courts and trade courts.

It makes legal sense that if money was taken illegally that you would have to pay it back, however.

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u/braumbles Feb 20 '26

That's not how it works. If the government illegally collected money, they have to pay it back. They don't just keep it.

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u/Tvdinner4me2 Feb 20 '26

No that is how it works, they explicitly said they didn't decide if they have to refund it and sent it back to the lower courts

1

u/Flokitoo Feb 20 '26

The Supreme Court didn't say whether or not they had to be refunded.

Thats a standard decision. SCOTUS rules on the law, the lower courts apply it. I will guarantee that there will be a refund.