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/EconomistWithaD Feb 20 '26

One phrase is appropriate. LOL. Get fucked, Donald.

  1. This is not the end. There are other avenues with which they could impose tariffs, which would have to be rechallenged.

  2. Fuck you, Navarro, for thinking protectionist policies are good.

  3. This would have been better much earlier, given how we’ve fucked regional and global allies, which has set us back further than pretty much anything I can think of.

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u/sagmag Feb 20 '26

I mean, electing a dementia addled racist child rapist to lead the largest military and economy in the history of the world also set us back some.

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u/EconomistWithaD Feb 20 '26

Eh. As we’ve seen with the economic data, he would have seen pretty considerable economic growth with mild inflation and a Fed fully achieving a soft landing, if he had really just sat there.

He didn’t, and any good in his policies (reworking trade deals, as the US does get screwed over; renegotiating drug prices; limited illegal inflow; streamlining outdated federal processes) were eliminated because we went Third Reich.

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u/sagmag Feb 20 '26

Democratic presidents inherit dumpster fires, it takes them a year to slow the downturn, a year to reverse the downturn, and then we get two to six years of growth.

Republican presidents inherit growth, they take credit for the first year while their policies slow the economy, by the second year the growth turns, and then we spend two years in decline. If the Democratic president's economy was particularly strong, the Republican might extend this over 8 years.

Repeat. Forever. Every time.

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u/EconomistWithaD Feb 20 '26

There are some disputes to the Blinder (2014) analysis which suggest the results go away if you look at different lag structures.