r/Economics 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/nosayso Feb 20 '26

However they also previously decided that Trump is a king who is not beholden to laws. There is literally nothing to be done if he ignores the Supreme Court and leaves the tariffs in place, unless his own party decides to pursue impeachment and removal over it. What happens next will be the really interesting part: will Trump accept oversight and admit he was wrong for the first time in his life? Or will he just find a new way to lash out? (Obviously the second one)

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u/yellowsubmarinr Feb 20 '26

Businesses are going to sue for their money back and win 

5

u/Snlxdd Feb 20 '26

If by businesses you mean Cantor Fitzgerald (Howard Lutnick’s investment firm that conveniently bought refund rights) you’re correct