The Supreme Court has ruled that a significant portion of President Trump's tariffs violate the Constitution, determining that Congress holds the exclusive power to levy tariffs, not the president.

Title
Logo

Post from MarketNews_en

MA

The Supreme Court has ruled that a significant portion of President Trump's tariffs violate the Constitution, determining that Congress holds the exclusive power to levy tariffs, not the president. Trump had invoked a 1977 emergency law to impose import duties without congressional approval, but the court rejected this approach. The ruling challenges Trump's core economic strategy, which relies on high tariffs to restore manufacturing jobs domestically. However, economic analysis suggests this approach faces fundamental obstacles. Manufacturing costs in the United States remain prohibitively expensive compared to overseas production. Apple would require approximately three years and thirty billion dollars just to relocate ten percent of its Asian supply chain to America.

The Supreme Court Blocks President Trump's $18 Trillion Fairy Tale

Monday, February 23, 2026 at 9:20 AM

0
0
1
2
Log in to interact with content.
MA
MarketNews_en
@MarketNews_en

Economic, financial and political news in English 📰

Joined Dec 27, 2025
2Followers
0Following
© 2026 Fidenly. All rights reserved.