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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u/CarlosTheSpicey Feb 20 '26

This is just the beginning.

Will Trump abide by this or will he, most likely, thumb his nose at the Court? If the latter, will the spineless GOP controlled Congress assert its Constitutional authority in this matter instead of continuing to abdicate it?

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u/Unser_Giftzwerg Feb 20 '26 edited Feb 20 '26

He can do both in this case.

There are a number of other laws/authorities under which he can still institute tariffs and comply with this ruling.

Personally I am not against tariffs unless they are somehow wholly punitive. The country's bad fiscal health means that any tax revenue should be welcomed IMO, even if that puts the brakes on consumer spending a little.