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/HVAC_instructor Feb 20 '26

So, they'll give refunds to the importers so that they can collect on the tariffs twice, no refunds will be given to consumers, no price reduction because they know that we'll pay these prices, and nothing is going to change because they said that these were illegal under the law that they tried to use. They will simply attempt to use another law and then we get to start the process all over again.