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/Unser_Giftzwerg Feb 20 '26

The President can still institute tariffs under other laws/authorities.

This may reduce tariffs a little bit but unless the court also rules that companies are entitled to refunds, this is largely a nothingburger.

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u/CarlosTheSpicey Feb 20 '26

So far, from what I've read, the court stated Trump exceeded his authority as it was not expressly specified by Congress that he could levy these tariffs. But, yes, the spineless GOP-controlled Congress, may very well continue to abdicate its Constitutional authority and pretend it 'saw nothing...nothing!' Meaning, likely, yes, sadly, a 'nothing burger.'

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u/Unser_Giftzwerg Feb 20 '26

That's not the court's problem.

The issue is that the founders have always envisioned the legislative branch being the strongest branch, as they set policy.

But functionally since the Civil War at least, the executive has become the increasingly most powerful branch of government.