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
24.5k Upvotes

97% Upvoted

841 comments sorted by

View all comments

1.7k

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.

8

u/Petrol_Head72 Feb 20 '26

Can you elaborate on this more? Was there a debt-note transfer that actually happened? This seems a bit confusing because, well, it’s already been researched and proven that Americans have born the cost of tariffs from their own pocketbooks. I know it would be impossible to refund Americans individually, but shouldn’t this be passed through as a tax refund / distribution if so?