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The Great Tariff Whiplash of 2026 💸
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896 views29likes57CrackedCapitalismOriginal Release: 2026-05-24

The U.S. Supreme Court ruled 6-3 in Learning Resources Inc. v. Trump that the executive branch lacks constitutional authority to impose broad emergency tariffs during peacetime, as the Constitution grants Congress exclusive power to tax; the Court rejected the administration's claim of 'transformative, unbounded' economic power, and subsequent lower courts also struck down the administration's backup 10% global tariff plan under an obscure 1974 law.

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