Friends, today's Supreme Court ruling against most of President Trump's tariffs could end up being a very big deal...or it could end up being a great big ZERO. That's because the President -- any president -- has numerous arrows in his quiver if he wants to impose tariffs and/or restrict foreign access to U.S. markets. Trump has castigated SCOTUS for its cowardice and disloyalty, but he seems confident that his tariff regime will survive in a new guise. I hope so, because the problems that tariffs aim to fix, mainly the giant U.S. trade deficit, are serious, and it's about time that someone in charge took them seriously, therefore! Moreover, Trump's tariffs to date have had a pretty negligible effect on overall U.S. trade. One thing is for sure: we haven't heard the last from DJT on this subject, or any subject!!!
https://www.bbc.com/news/articles/cx2jqgdn719o
In other news, economic growth in the fourth quarter was way down to just 1.4%, and the government shutdown was a big reason why. The Dems will be happy about that, and I fear it could tempt them to make more maximalist demands budget-wise in future, with more shutdowns in their back pocket in case Trump fails to acquiesce. The economy right now is sound, and Republicans are still at a disadvantage going into the midterms. Imagine what the polls would look like if a recession took hold! You better bet the Dems are licking their chops...
https://www.cnbc.com/2026/02/20/pce-inflation-december-2025.html
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