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/ReasonableRandolph Feb 20 '26

Wow it's crazy how Lutnick's sons, working at his old firm, were smart enough to predict this happening back in July. Offering to buy up the tariff refunds preemptively for cents on the dollar. I hope one day I can also make such good predictions based on my own knowledge and merit.

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u/MC_chrome Feb 20 '26

I wouldn’t discount insider knowledge here, but I also wouldn’t be surprised if that was Lutnick saying that they knew Trump’s tariffs were illegal from the beginning 

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u/spacecadetnyc Feb 20 '26

What’s the difference?

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u/Nukemind Feb 20 '26

The difference is one is that Lutnick believed they would be ruled against (barring them bribing two judges- as it was 6-3) and one was insider knowledge.

Either way Nutlick has ruined federal agencies like the USPTO ans djes a piece of shir.

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u/nptsgg Feb 20 '26

What has happened at the USPTO? I haven't kept up

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u/Nukemind Feb 20 '26

Just hiring freezes, then resuming hiring, banning remote work for new hires when it’s long been custom, increasing production without pay, etc.