Trump's tariffs look for a rebound
Business Insider
February 23, 2026
AI-Generated Deep Dive Summary
The Supreme Court's recent ruling on President Donald Trump's sweeping tariff policy has sent shockwaves through the business world. While the court blocked a major portion of his tariffs, it hasn't closed the door on the issue entirely. Instead, it has opened a new, uncertain chapter with significant implications for businesses and investors.
Trump is doubling down by reimposing 15% tariffs globally under Section 122 of U.S. trade law. These tariffs can remain in place for up to 150 days but will likely require congressional approval for longer-term implementation. Meanwhile, the $133 billion collected from previously struck-down tariffs has sparked a legal battle among companies seeking refunds. The process is complex and could involve lengthy court battles, with businesses weighing the benefits of pursuing refunds against potential risks of antagonizing the administration.
The ruling presents a double-edged sword for the market. On one hand, it limits the administration's ability to impose larger tariffs in the future, which is good news for most businesses. Companies affected by tariffs may also receive refunds, providing a financial boost. However, lower tariffs could strain federal revenue, potentially increasing the national debt and raising bond yields, which might weigh on stock prices.
The broader economic impact remains unclear, but recent data shows steady growth despite ongoing trade tensions. While some dire economic predictions about Trump's policies have failed to materialize, the ruling highlights the uncertainty businesses face, particularly those dealing with supply chain disruptions. As the situation evolves, winners and losers will emerge—lawyers are likely to thrive, while Chief Operating Officers (COOs) grapple with tariff-related challenges.
The coming week promises more clarity as Trump delivers his State of the Union address. While attention turns to this speech, businesses must prepare for ongoing volatility in trade policy. The outcome of this legal and political battle will shape not only tariffs but also investor sentiment and the broader economy.
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Originally published on Business Insider on 2/23/2026