On Friday, February 20, 2026, the US Supreme Court ruled that the Washington's yellow haired man violated federal reserve law when he imposed biggest and boldest tariffs customs across the world.
In tariff case, Supreme Court justices didn't say what's going to happen to $ 133 billion already collected in import taxes now declared unlawful.
From an economic perspective, US' small businesses are facing severe financial strain and closures due to tariffs. Now the Supreme Court decision delivers a major relief to US' importers of wine, spirits, cheese, oilve oil and other agri-food products from the EU.
According to constitutional law experts, US Supreme Court has for the first time confronted what he called Trump's broader challenge to the rule of law.
That's victory of the American constitution.
ReplyDeleteA good decision by the six judges. I would support the refunding of the wrongly levied customs duties. However, that is unlikely to happen.
Have a nice weekend