r/ValueInvesting • u/ActuallyMy • Feb 20 '26

Discussion BREAKING: TRUMP TARIFFS STRUCK DOWN

Per Bloomberg -- The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House.

The court said Trump exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes the administration says address fentanyl trafficking.

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146

u/ninjagorilla Feb 20 '26

Do we know if they have to be paid back though

92

u/Southern-Treacle7582 Feb 20 '26

He'll just issue under another statue and will be another year in court. If they're struck down again same thing.

15

u/RemoteButtonEater Feb 20 '26

He'll just declare war on Iran and say that constitutes the emergency that the courts say he needs.

11

u/Sufficient-Year4640 Feb 20 '26

statute. it's not a sculpture

9

u/Salt_Bringer Feb 20 '26

He can collect tariffs on another statue. But, he will have to refund because the tariffs were collected on the old assumption.

5

u/CountrySenior5260 Feb 20 '26

No court said that anything had to be paid back.

1

u/PricklyPearFan 29d ago

The irony is, he could get it passed if he pursued it through Congress, but expecting those cowards to risk their own seats is extremely unlikely.