EPISODE · Feb 20, 2026 · 38 MIN
Tariffs Overturned: What the Supreme Court’s Ruling Means for Markets
from The Financial Exchange Show · host The Financial Exchange Network
Mike Armstrong and Marc Fandetti react to breaking news that the U.S. Supreme Court struck down President Trump’s reciprocal tariffs in a 6–3 decision. The hosts discuss the potential implications for trade policy, corporate earnings, inflation expectations, and whether billions in collected tariff revenue could be refunded.They also break down a softer-than-expected GDP report, what the slowdown means for productivity and Federal Reserve policy, and how shifting expectations around growth and inflation are influencing markets in real time.
What this episode covers
Mike Armstrong and Marc Fandetti react to breaking news that the U.S. Supreme Court struck down President Trump’s reciprocal tariffs in a 6–3 decision. The hosts discuss the potential implications for trade policy, corporate earnings, inflation expectations, and whether billions in collected tariff revenue could be refunded.They also break down a softer-than-expected GDP report, what the slowdown means for productivity and Federal Reserve policy, and how shifting expectations around growth and inflation are influencing markets in real time.
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Tariffs Overturned: What the Supreme Court’s Ruling Means for Markets
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