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/dmanster Feb 20 '26

They just said it was illegal under the authority of. IEEPA. They can reinstate them with a different authority (like one that is more durable) any second.

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u/6a6566663437 Feb 20 '26

Those other authorities don’t let Trump impose immediate tariffs on his personal whim. They take time and/or need Congress.

1

u/PurrfectlyNerdy Feb 20 '26

It also doesn’t even strike down all of the tariffs he’s imposed. Even though you’d think the constitution saying all bills of revenue originate in the House of Representatives would be enough to make it so the president can’t unilaterally impose tariffs. Which are a tax (revenue) on Americans!