Winners & Losers of SCOTUS Decision Striking Down Tariffs
The Big Picture [Unofficial]
February 20, 2026
SCOTUS: Article I, Section 8, of the Constitution specifies that “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises.” The Framers recognized the unique importance of this taxing power—a power which “very clear[ly]” includes the power to impose tariffs. Gibbons v. Ogden, 9 Wheat. 1, 201. And they…
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