The Investment Implications of the Tariff Decision
From Notes on the Week Ahead by Dr. David Kelly
February 23, 2026 · 11 min · Episode 332
About this episode
The episode discusses the Supreme Court's ruling on the legality of the President's tariff imposition and its implications for investment.
On Friday, the Supreme Court released a long-awaited decision, ruling that the President’s imposition of tariffs, using the 1977 International Emergency Economic Powers Act, otherwise known as IEEPA, was illegal. The President held a press conference that afternoon and issued a proclamation announcing a general 10% tariff on imported goods, using a different statute and promised to invoke a third set of statutes to replace the overturned tariffs on a more permanent basis. On Saturday, he announced that the 10% tariff rate was being raised to 15%.
People in this episode
Host: Dr. David Kelly
Topics covered
- tariffs
- Supreme Court decision
- economic policy
- international trade
- investing implications
Keywords
- tariffs
- Supreme Court
- economic powers
- international trade
- investment implications
Mentioned in this episode
Organizations: Supreme Court, President, International Emergency Economic Powers Act, IEEPA
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- AI, Inflation and Interest Rates · April 20, 2026 · 12 min
- The Latest News and the Economic Outlook · April 13, 2026 · 12 min
- The Receding Tariff Tide · March 30, 2026 · 11 min
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