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MarketWatch Top Storiesmarkets

Supreme Court rejects Trump’s tariffs. The president is already rolling out new ones.

MarketWatch Top Stories
Saturday, February 21, 2026 at 5:24 PM
~4 min read
Trade

Original Report

The U.S. Supreme Court said President Trump exceeded his authority in using a 1977 law to justify a large swath of his tariffs, but that does not mean he’s now unable to slap tariffs on other...

The U.S. Supreme Court said President Trump exceeded his authority in using a 1977 law to justify a large swath of his tariffs, but that does not mean he’s now unable to slap tariffs on other countries’ products.

Glass House Analysis

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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