The Supreme Court's decision to invalidate President Trump’s tariffs is expected to impact the market. “It's probably going to be less volatility, fewer tape bombs,” says Andrew Graham of Jackson Square Capital. “We're not going to be able to use tariffs anymore as a negotiating tool.”

Feb 20, 2026, 9:14:13 PM UTC(2 days ago)
Impact: Medium

Affected Assets

  • The Supreme Court's decision to invalidate President Trump’s tariffs is expected to impact the market.
  • The Supreme Court invalidated President Trump's tariffs, impacting the market.
  • The ruling is expected to reduce market volatility, according to Andrew Graham of Jackson Square Capital.
  • The decision may limit the use of tariffs as a negotiating tool.
  • Stocks jumped immediately after the ruling, according to Reuters.
  • The administration may use other powers, like Section 301, to investigate unfair trade practices, potentially leading to new tariffs.

Sources

What does the Supreme Court's striking down of President Trump’s tariffs mean for the market? “It's probably going to be less volatility, fewer tape bombs,” Jackson Square Capital's Andrew Graham says. “We're not going to be able to use tariffs anymore as a negotiating tool.” https://t.co/UnaBM9iRrn
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