U.S. Supreme Court shoots down President Trump’s tariffs — Consumer Technology Association hails ‘victory for all Americans,’ calls for swift refunds to retaile

U.S. Supreme Court shoots down President Trump’s tariffs — Consumer Technology Association hails 'victory for all Americans,' calls for swift refunds to retaile

While the Supreme Court ruling suspends the broad tariffs that the federal government imposed using the IEEPA, we can only wait and see what steps it will take next. For now, we don’t expect prices to go down immediately, and there will likely be a period of confusion as we see how things play out. Updated February 20, 1:28 p.m. ET with comments about the PC supply chain.

Follow Tom's Hardware on Google News , or add us as a preferred source , to get our latest news, analysis, & reviews in your feeds.

Jowi Morales is a tech enthusiast with years of experience working in the industry. He\u2019s been writing with several tech publications since 2021, where he\u2019s been interested in tech hardware and consumer electronics. ","contributorText":"With contributions from","contributors":[{"name":"Andrew E. Freedman","link":{"href":"https:\/\/www.tomshardware.com\/author\/andrew-e-freedman"}}],"collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-17/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Jowi Morales Social Links Navigation Contributing Writer Jowi Morales is a tech enthusiast with years of experience working in the industry. He’s been writing with several tech publications since 2021, where he’s been interested in tech hardware and consumer electronics.

redgarl Finally, let's hope that common sense will slowly start to prevail again… Reply

txfeinbergs redgarl said: Finally, let's hope that common sense will slowly start to prevail again… It won't at least for another 3 years. Reply

Gururu There will be no end to the deny and delay strategy to keep tariffs in place for 4 more years. Reply

SomeoneElse23 txfeinbergs said: It won't at least for another 3 years. Upon which we'll get a different type of "governance" that many, perhaps not the same group, will also interpret as insane. It's a sad state of affairs. At least we have somewhat of a system of checks and balances remaining. Reply

DS426 redgarl said: Finally, let's hope that common sense will slowly start to prevail again… Yes, but just realize this is a legal matter more than a practical one in the context of this news article. SCOTUS' job is to interpret the law and determine if someone breaks it or not, and sure enough, they agreed (most of them anyways) that the POTUS did. Depending on the news source, this decision impacts about 60% of tariffs that the POTUS put in place. THN said "the majority" which is more ambiguous — one might think closer to 75%, for example, or even higher. Reply

TechieTwo Sorry people but there are numerous other legal means to enforce the tariffs as Trump did in his first term. You can be certain that the tariffs will stay. Reply

hotaru251 This ruling nullifies the majority of the tariffs that Trump imposed on every other country, which importers and retailers paid and were , in many cases, eventually passed on to the American consumer. in many? you mean 99.99%? nobody was gonna sell at a loss so it 100% went to the consumer. Also will be a messy fallout given some companies straight went bankrupt from these changes and have already sold/closed…how do you undo that damage? Will be interesting. Reply

SomeoneElse23 TechieTwo said: Sorry people but there are numerous other legal means to enforce the tariffs as Trump did in his first term. You can be certain that the tariffs will stay. This is what I've read as well. I also read that there's been almost 99 billion dollars in tariffs collected. I know some of that came from Mr. and Mrs. Consumer, but I don't think there's that much money to go around from Mr. and Mrs. Consumer for it to be even close to half of these moneys collected? Reply

Rogue Leader Just want to remind everyone to tread lightly on any political rhetoric here. We want you to be able to discuss this, but not at the expense of the sanctity of this site. Reply

JamesJones44 TechieTwo said: Sorry people but there are numerous other legal means to enforce the tariffs as Trump did in his first term. You can be certain that the tariffs will stay. yep, I've read that he could potentially proxy tariffs via Section 232 for anything that is manufactured with semiconductors (or the word I hate, "chips"). That's still a good chunk of what is sold. I also read that he could impose it on products that contain other specific resources as well under 122 (time limited) (wood, steal, aluminum, etc.) which pretty much hits everything. So sadly, I think this is far from over, it will just manifest differently until the next legal challenge. Reply

Key considerations

  • Investor positioning can change fast
  • Volatility remains possible near catalysts
  • Macro rates and liquidity can dominate flows

Reference reading

More on this site

Informational only. No financial advice. Do your own research.

Leave a Comment