What are the implications of the Supreme Court's ruling against President Trump's global tariffs? episode artwork

EPISODE · Feb 23, 2026 · 20 MIN

What are the implications of the Supreme Court's ruling against President Trump's global tariffs?

from Newell Normand

The Supreme Court ruled 6 to 3 against President Trump's global tariffs, the centerpiece of his economic plan. Trump’s reaction? He plans a “tariff workaround” and says he’s imposing a 10% global tariff under Section 122 of the Trade Act of 1974, which allows the president to impose tariffs of up to 15% for up to 150 days to address trade deficits. What does it all mean for our country moving forward? What does it mean to the American people and countries around the world? And what's the impact on the prices you pay, jobs in the U.S., and the stock market? Iain Murray, Senior Fellow at the Competitive Enterprise Institute, joins Newell to discuss the implications of the ruling.

The Supreme Court ruled 6 to 3 against President Trump's global tariffs, the centerpiece of his economic plan. Trump’s reaction? He plans a “tariff workaround” and says he’s imposing a 10% global tariff under Section 122 of the Trade Act of 1974, which allows the president to impose tariffs of up to 15% for up to 150 days to address trade deficits. What does it all mean for our country moving forward? What does it mean to the American people and countries around the world? And what's the impact on the prices you pay, jobs in the U.S., and the stock market? Iain Murray, Senior Fellow at the Competitive Enterprise Institute, joins Newell to discuss the implications of the ruling.

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What are the implications of the Supreme Court's ruling against President Trump's global tariffs?

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This episode was published on February 23, 2026.

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The Supreme Court ruled 6 to 3 against President Trump's global tariffs, the centerpiece of his economic plan. Trump’s reaction? He plans a “tariff workaround” and says he’s imposing a 10% global tariff under Section 122 of the Trade Act of 1974,...

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