Tariff Uncertainty Renewed Following Supreme Court Decision

Washington, DC, February 23, 2026-"Before Friday, President Trump’s tariffs, after months of on-again, off-again turbulence, had seemed to finally steady. Now, with the bulk of Trump’s tariffs struck down by the Supreme Court, and a new, temporary global tariff in place, fresh questions hang over the U.S. economy,” reports the Wall Street Journal.

“Will Trump’s new 15% tariff meaningfully change trade flows and business operations? 

“Will the federal government still be able to reap trillions in tariff revenues that could help slow the surging national debt?

“Will billions of dollars from the overturned tariffs flow back to the hundreds of businesses demanding refunds?

“The answers will largely turn on how aggressively the Trump administration pushes to permanently replace the struck-down tariffs with new ones, and how trade partners and U.S. political leaders respond. On the one hand, higher tariffs allow the government to bring in more revenue to shrink the runaway government debt, and help re-energize sectors of the U.S. economy. But a lower tariff rate-as well as potential tariff refunds-would likely keep more money in the hands of U.S. businesses and consumers, which could spur economic growth.

“The decisions will help determine the direction of an economy that powered through an avalanche of change in 2025 and emerged in the new year on a better-than-expected footing.”