Rebel Capitalist News Tariff Chaos Hits Markets (What You Need To Know)
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Feb 23, 2026 Sudden tariff turmoil after a major court decision sends markets into uncertainty. Discussion of a new temporary 15% tariff rule and how shifting rates freeze trade talks. Analysis of who really absorbs tariffs and why investment and reshoring stall without long-term certainty. Global reactions and market swings in stocks, gold and bonds are highlighted.
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Supreme Court Ruling Sparked Global Trade Chaos
- The Supreme Court ruling created massive trade policy uncertainty by invalidating Trump's prior reciprocal tariffs.
- George Gammon explains that without clarity on which tariffs stand, markets and negotiators are left guessing and frozen in place.
Data Shows U.S. Importers Are Paying Most Tariffs
- Import price data (excluding tariffs) rose, showing foreign exporters did not absorb the levies.
- George cites Fred charts and Goldman Sachs to show roughly 90% of tariffs are effectively paid by U.S. importers, not foreigners.
Pause Deal Making During 150 Day Tariff Window
- Expect businesses and governments to pause major deals while the 150-day Section 122 tariffs create a temporary limbo.
- George warns negotiators won't commit to long-term investments when tariffs can vanish or change within months.