Free NewsletterPro Login
S&P 500 6,287 +0.42%
DOW 44,521 -0.18%
NASDAQ 21,103 +0.71%
S&P 500 +12.4%
Briefs Finance Fund +24.8%
JOIN THE FUND →

Trump's Latest Tariffs Mirror Those Supreme Court Already Invalidated

Published Jul 28, 2026
[tts_player]
Share:
Trump's Latest Tariffs Mirror Those Supreme Court Already Invalidated
Summary:
  • President Trump told Fox News his latest tariffs are "doing the same thing" as the tariffs nullified by the Supreme Court earlier this year.
  • A federal lawsuit filed Friday argues the administration is illegally using different legal authorities to bypass the court's ruling.
  • The lawsuit's organizers said Trump's own words bolster their argument.

What Trump Said

President Trump was blunt in a recent Fox News interview. He said it is "a shame" that he has to go "a harder way for the tariffs" because the Supreme Court, in a "very close decision," ruled against him.

That interview aired July 28, 2026. Trump was referencing a Feb. 20, 2026 Supreme Court decision that invalidated his earlier "liberation day" duties, which imposed a 10% near-global reciprocal baseline and placed dozens of nations under higher personalized rates.

So the administration shifted to a different legal authority - Section 301 - to impose fresh tariffs covering products from over 80 countries. Those new tariffs range from 10% to 12.5%.

The previous "liberation day" tariff had a 150-day lifespan and therefore expired automatically. The new Section 301 tariffs kicked in right after that.

Get the market news that matters in a five-minute read with Market Briefs, our free daily newsletter

The Legal Challenge

Liberty Justice Center's chairman and CEO, Sara Albrecht, put it simply: "Changing the statute doesn't change the law - and changing the stated rationale doesn't make an unlawful tariff lawful."

Section 301 of the Trade Act of 1974 permits the president to levy tariffs on nations engaged in unfair trade practices. The administration asserts the new duties target forced labor, a cause Trump has long championed. But critics argue the product scope and rate levels are nearly identical to the struck-down "liberation day" tariffs, making the shift a legal workaround.

The administration says the new tariffs are about forced labor, a cause Trump has prioritized "for many years," according to an unnamed senior official. But critics say that is just a cover.

Officials at the U.S. Trade Representative's office did not reply to a request for comment. The lawsuit is now moving forward, and Trump's interview could be a key piece of evidence.

During Tuesday's interview, Trump also brushed aside worries that his levies on imports might damage the economy, particularly as rising living costs for Americans become a key theme in the forthcoming midterm elections. "The tariffs have made this country a fortune," Trump said. He also asserted that his tariff policies have helped end multiple wars. "These tariffs - it's the greatest thing," he said.

Background on the Tariff Dispute

The Supreme Court's February ruling struck down the original "liberation day" tariffs on grounds that the president had exceeded his constitutional authority over trade. That decision forced the White House to search for alternative legal footing. Section 301, typically used to combat foreign unfair trade practices, offered a narrower but still powerful tool.

Critics argue this amounts to a de facto reinstatement of the invalidated policy, merely relabeled to avoid judicial review. The lawsuit filed Friday, led by Liberty Justice Center, a legal nonprofit, seeks to block the new tariffs before they cause further economic disruption.

The case will test whether the administration can use separate statutory authority to achieve the same result the court forbade.

Join Market Briefs, our free daily newsletter, for a quick daily rundown of the markets

Disclosure

Recent News

1 2 3 44

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

June 29, 2026
Portfolio Diversification: Why Putting All Your Eggs in One Basket Destroys Wealth
  • Real diversification means spreading investments across all 11 economic sectors plus bonds, alternatives, and cash so no single bet can sink the portfolio.
  • Different sectors perform at different times, so a diversified portfolio captures upswings while smoothing the brutal drawdowns that wipe out concentrated bets.
  • Total market index funds offer the simplest path to diversification, and annual rebalancing is what keeps the structure working over time.
Read More
June 29, 2026
Non Taxable Income: What It Is and Why It Matters
  • Non taxable income is money you receive that you don't owe income tax on.
  • The tax code treats workers, investors, and business owners very differently, and investors often come out ahead.
  • Learning how income is taxed is a quiet superpower for keeping more of what you earn.
Read More
June 29, 2026
Semiconductor Stocks: A Simple Guide for Investors
  • Semiconductor stocks are companies that design and make computer chips, the brains inside nearly every modern device.
  • The AI boom has turned chips into one of the market's most important and most watched groups.
  • They offer big growth potential, but come with high valuations and a notoriously cyclical history.
Read More
June 25, 2026
How Stocks Work: A Simple Guide for Beginners
  • A stock is a slice of ownership in a company - buy one, and you own a piece of the business.
  • You make money two ways: the share price rising over time, and dividends paid to shareholders.
  • The simplest path for most beginners is buying into the whole market through a low-cost index fund.
Read More
June 25, 2026
Stop Loss vs Stop Limit: What's the Difference?
  • A stop loss order sells your stock once it hits a trigger price, prioritizing getting you out.
  • A stop limit order only sells within a price range you set, prioritizing price over a guaranteed exit.
  • The trade-off: a stop loss almost always executes; a stop limit might not if the price moves too fast.
Read More
June 25, 2026
Energy Stocks: A Simple Guide for Investors
  • Energy stocks are companies that produce and supply the power the world runs on, from oil and gas to newer sources.
  • They make up one of the 11 sectors of the market and tend to move with energy prices and big-picture shifts.
  • Like any sector, the key is diversification and understanding the forces driving demand.
Read More
June 18, 2026
What Is a Stop Loss Order? A Simple Guide
  • A stop loss order automatically sells a stock once it falls to a price you set.
  • It's a tool to cap losses or lock in gains without watching the market all day.
  • It works best for active strategies, and can backfire if used carelessly on long-term holdings.
Read More
June 18, 2026
Best S&P 500 Index Fund: How to Choose One
  • The best S&P 500 index fund for most investors is simply the cheapest, most established one that tracks the index well.
  • Funds like VOO, IVV, and SPY all hold the same 500 companies, so the biggest difference is the fee.
  • Pick one, automate your buys, and let time do the heavy lifting.
Read More
June 17, 2026
What Are Penny Stocks? Risks and Rewards Explained
  • Penny stocks are very low-priced shares of very small companies, often trading for just a few dollars or less.
  • They promise huge gains but carry huge risks: low liquidity, high failure rates, and wild price swings.
  • Most investors are better served by quality companies and funds than by chasing cheap shares.
Read More
June 17, 2026
Best Stocks for Beginners With Little Money
  • The best stocks for beginners with little money usually aren't individual stocks at all - they're low-cost index funds.
  • You can start with $100 or less and use small, regular investments to build wealth over time.
  • Focus on diversification and consistency, not on picking the next big winner.
Read More
1 2 3 24
Share via
Copy link