No Result
View All Result
  • Login
Saturday, February 21, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

Supreme Court Overrule’s Trump’s Tariffs

by FeeOnlyNews.com
24 hours ago
in Economy
Reading Time: 3 mins read
A A
0
Supreme Court Overrule’s Trump’s Tariffs
Share on FacebookShare on TwitterShare on LInkedIn


Download the Decision: Trump Tariffs 2-20-26 24-1287_4gcj

The Supreme Court has ruled as I expected. I have said on Podcasts that the power over tariffs lies with Congress, not the president. I also suggested that I did not expect the Supreme Court to overrule the statue as unconstitutional. To me, the plain language was very clear: IEEPA authorizes the President to:

“investigate, block during the pendency of an investigation, regulate, direct and compel,nullify, void, prevent or prohibit . . . importation or exportation.”§1702(a)(1)(B).

Nowhere does it authorize the power of tariffs. IEEPA does not authorize the President to impose tariffs plain and simple. I believe those in the Administration knew this would be the outcome. The judgment was vacated, and the case was remanded with instructions to dismiss for lack of jurisdiction; the judgment in No. 25–250 is affirmed.  The Order states:

The judgment of the United States Court of Appeals for the Federal Circuit in case No. 25–250 is affirmed. Thejudgment of the United States District Court for the District of Columbia in case No. 24–1287 is vacated, and thecase is remanded with instructions to dismiss for lack of jurisdiction.

We also had a renegade anti-Trump judge in the mix. The Government moved to transfer the Learning Resources case to the Court of International Trade (CIT). It argued that the District Court lacked jurisdiction under 28 U. S. C. §1581(i)(1), which gives the CIT “exclusive jurisdiction of any civil action commenced against” the Government “that arises out of any law of the United States providing for . . . tariffs” or their“administration and enforcement.” The District Court denied that motion illegally seizing jurisdiction since it was anti-Trump and granted the plaintiffs’ motion for a preliminary injunction, concluding that IEEPA did not grant the President the power to impose tariffs. 784 F. Supp. 3d 209 (DC 2025). That judge clearly had NO JURISDICTION whatsoever to make such a ruling. This is a continuing problem in our legal system. This judge should be penalized if not dismissed for an equally unconstitutional ruling our ot personal animosity.

Tariffs have helped the United States collect nearly $99 billion so far this fiscal year, which started on Oct. 1, 2025, according to the Daily Treasury Statement published on Jan. 7.  To me, the law allows presidents to regulate imports during times of emergency, but it was questionable whether that regulation included tariffs, and, in particular, Trump’s large-scale tariffs.

The Trump administration argued that a 1977 law allowing the president to regulate importation during emergencies also allows him to set tariffs. Other presidents have used the law dozens of times, often to impose sanctions, but Trump was the first president to invoke it for import taxes. He classified them as “reciprocal” tariffs on most countries in April 2025 to address trade deficits that he declared a national emergency. Those came after he imposed duties on Canada, China and Mexico, ostensibly to address a drug trafficking emergency.

Multiple federal courts had ruled that Trump’s tariffs exceeded what was allowed under the law. Days after oral argument, Trump indicated in a Nov. 11 post on Truth Social that a negative decision by the Supreme Court could implicate trillions of dollars.

“The ‘unwind’ in the event of a negative decision on Tariffs, would be, including investments made, to be made, and return of funds, in excess of 3 Trillion Dollars.”

He added that the situation “would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!”

I looked at the tariffs and the only grey area was that Trump was imposing a tariff ON TOP OF what Congress authorized, he was not actually altering the Congressional tariff. The tariffs decision doesn’t stop Trump from imposing duties under other laws. While those have more limitations on the speed and severity of Trump’s actions, top administration officials have said they expect to keep the tariff framework in place under other authorities.

Can Trump still impose tariffs? The answer to that question is Yes!.



Source link

Tags: courtOverrulesSupremetariffsTrumps
ShareTweetShare
Previous Post

Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%

Next Post

​Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs

Related Posts

Four-Letter Economic Words | Mises Institute

Four-Letter Economic Words | Mises Institute

by FeeOnlyNews.com
February 21, 2026
0

In this episode, Mark Thornton offers a practical “seven-word” framework for navigating economic life, especially when policy chaos and uncertainty...

Market Talk – February 20, 2026

Market Talk – February 20, 2026

by FeeOnlyNews.com
February 20, 2026
0

    ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 642.13 points or...

Trump’s Tariffs & The New Risk Ahead

Trump’s Tariffs & The New Risk Ahead

by FeeOnlyNews.com
February 20, 2026
0

Over 60% of total tariff revenue in 2025 stemmed from tariffs imposed under IEEPA, which has never before been used...

After Supreme Court ruling, industries still face higher rates

After Supreme Court ruling, industries still face higher rates

by FeeOnlyNews.com
February 20, 2026
0

The Supreme Court during a rain storm in Washington, Feb. 20, 2026.Annabelle Gordon | Bloomberg | Getty ImagesThe Supreme Court...

Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%

Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%

by FeeOnlyNews.com
February 20, 2026
0

U.S. growth slowed more than expected near the end of 2025 as the government shutdown impacted spending and investment, while...

Why Britain’s Economy Is Sputtering

Why Britain’s Economy Is Sputtering

by FeeOnlyNews.com
February 20, 2026
0

Britain and the United States are often described in the same breath: advanced economies that have moved beyond industry into...

Next Post
​Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs

​Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs

Home Depot cuts back key employee benefit amid customer struggles

Home Depot cuts back key employee benefit amid customer struggles

  • Trending
  • Comments
  • Latest
York IE Appoints Chuck Saia to its Strategic Advisory Board

York IE Appoints Chuck Saia to its Strategic Advisory Board

February 18, 2026
Super Bowl ads go for silliness, tears and nostalgia as Americans reel from ‘collective trauma’ of recent upheaval — ‘Everybody is stressed out’

Super Bowl ads go for silliness, tears and nostalgia as Americans reel from ‘collective trauma’ of recent upheaval — ‘Everybody is stressed out’

February 8, 2026
York IE Adds OpenView Veteran Tom Holahan as General Partner for New Early Growth Fund

York IE Adds OpenView Veteran Tom Holahan as General Partner for New Early Growth Fund

February 11, 2026
The Weekly Notable Startup Funding Report: 2/9/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 2/9/26 – AlleyWatch

February 9, 2026
Self-driving startup Waabi raises up to  billion, partners with Uber to deploy 25,000 robotaxis

Self-driving startup Waabi raises up to $1 billion, partners with Uber to deploy 25,000 robotaxis

January 28, 2026
Huntington Bank gives Ameriprise institutional unit B boost

Huntington Bank gives Ameriprise institutional unit $28B boost

February 6, 2026
Four-Letter Economic Words | Mises Institute

Four-Letter Economic Words | Mises Institute

0
One Analyst Thinks Tesla’s Robotaxi Revenue Could Soar to 0 Billion by 2035. But Here Are 3 Things Investors Need to Know.

One Analyst Thinks Tesla’s Robotaxi Revenue Could Soar to $250 Billion by 2035. But Here Are 3 Things Investors Need to Know.

0
Berkshire was a net seller of stocks in Buffett’s final quarter as CEO

Berkshire was a net seller of stocks in Buffett’s final quarter as CEO

0
Quality Care India plans to invest Rs 600 crore to set up healthcare facility in Nagpur

Quality Care India plans to invest Rs 600 crore to set up healthcare facility in Nagpur

0
IoTeX Investigates Token Safe Incident as Analysts Estimate .3M Loss

IoTeX Investigates Token Safe Incident as Analysts Estimate $4.3M Loss

0
I retired at 62 with everything I thought I wanted — and within a year I understood why so many men don’t survive it

I retired at 62 with everything I thought I wanted — and within a year I understood why so many men don’t survive it

0
One Analyst Thinks Tesla’s Robotaxi Revenue Could Soar to 0 Billion by 2035. But Here Are 3 Things Investors Need to Know.

One Analyst Thinks Tesla’s Robotaxi Revenue Could Soar to $250 Billion by 2035. But Here Are 3 Things Investors Need to Know.

February 21, 2026
Berkshire was a net seller of stocks in Buffett’s final quarter as CEO

Berkshire was a net seller of stocks in Buffett’s final quarter as CEO

February 21, 2026
I retired at 62 with everything I thought I wanted — and within a year I understood why so many men don’t survive it

I retired at 62 with everything I thought I wanted — and within a year I understood why so many men don’t survive it

February 21, 2026
IoTeX Investigates Token Safe Incident as Analysts Estimate .3M Loss

IoTeX Investigates Token Safe Incident as Analysts Estimate $4.3M Loss

February 21, 2026
How fandom became culture’s power center — and a blueprint for Gen Z’s economic influence

How fandom became culture’s power center — and a blueprint for Gen Z’s economic influence

February 21, 2026
Should You Really Invest in the Stock Market Right Now? History Offers a Clear Answer.

Should You Really Invest in the Stock Market Right Now? History Offers a Clear Answer.

February 21, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • One Analyst Thinks Tesla’s Robotaxi Revenue Could Soar to $250 Billion by 2035. But Here Are 3 Things Investors Need to Know.
  • Berkshire was a net seller of stocks in Buffett’s final quarter as CEO
  • I retired at 62 with everything I thought I wanted — and within a year I understood why so many men don’t survive it
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.