Mastodawn

Breaking, from the NYT: Supreme Court Strikes Down Trump’s Sweeping Tariffs

"In a major setback for President Trump’s economic agenda, the court ruled that he could not invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imports. The 6-3 decision has significant implications for the economy and consumers. The federal government has collected more than $200 billion in tariffs since the start of last year."

https://www.nytimes.com/live/2026/02/20/us/trump-tariffs-supreme-court

Supreme Court’s Tariff Ruling and Trump’s Immediate New Levies Add New Uncertainty in Global Trade

The decision is a major setback for President Trump, who responded by imposing a 10 percent global tariff after lashing out at the justices who ruled against him. Trade deals his administration has struck with countries around the world are now in question.

The New York Times

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Viss Feb 20

@briankrebs the real question becomes:
- with tariffs gone, will american companies no longer have to pay them, or will some other bullshit crop up
- if they are in fact really gone, will they lower their prices again?
- are americans going to keep getting fucked in the wallet by american corporate greed, even though the tariffs are gone?

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Dclaw

@Viss @briankrebs They won't do squat. If they pull back on prices at all, it'll be 5% (not 30 or whatever it may have actually been. The rest they will shrug off as InFlAtIoN.... as we see more record profits.