Supreme Court Tosses Trump Tariffs Like Reheated Takeout, Again
KEY POINTS
- •On Friday, the Supreme Court blocked a major part of President Trump's sweeping tariff policy affecting over $133 billion in collected taxes.
- •Trump quickly responded by announcing a new 15% worldwide tariff under Section 122, valid for only 150 days, before needing Congressional approval.
- •Over a thousand companies filed lawsuits for tariff refunds, while Democrats urged direct $1,700 refunds to Americans; however, consumer prices are unlikely to drop soon.
In a fresh courtroom plot twist dubbed 'De-Liberation Day,' the Supreme Court served a judicial slice of humble pie to President Trump's sweeping tariff menu—blocking a chunk of the $133 billion tax buffet from those struck-down tariffs. But the president, fueled by Section 122’s 150-day 'try-before-you-buy' tariff option, announced a spicy new 15% worldwide tariff to keep the economic party going. Meanwhile, over a thousand companies sued to reclaim their dough, navigating a legal maze potentially thicker than the tariff spaghetti itself, all while Democrats called for $1,700 refunds to Americans — who definitely won't see prices dropping soon per Goldman Sachs. Investors got a bittersweet snack: tariff relief could boost stock wallets, but watch out for the debt shadow and bond yield hangover. COOs worldwide are reportedly twitching like it's Black Friday in supply chains as lawyers are rubbing their hands gleefully. The saga continues with Trump’s State of the Union, where Supreme Court justices might enjoy a colder reception than a cameo in a canceled sitcom.
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Trump’s tariff saga just leveled up to a never-ending legal limbo, where $133 billion in taxes play hide and seek, and CEOs pull their hair while lawyers throw graduation parties.
Only in America do you get a 15% worldwide tax that expires faster than your leftover hummus—and companies get sued for money they already paid.
The Supreme Court casually waved off $133 billion in tariffs like it’s a bad group project, leaving Congress to fix the mess amidst the 150-day tariff emotional rollercoaster.
Source: Businessinsider | Published: 2/23/2026 | Author: Dan DeFrancesco
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