Consider This from NPR

What the Supreme Court’s tariff decision means for small businesses

31 snips
Feb 20, 2026
Scott Horsley, NPR chief economics correspondent who explains tariffs and federal revenue effects. Nina Totenberg, veteran legal correspondent known for Supreme Court analysis. They unpack the Court ruling that struck down wide tariffs. They explore legal routes the White House might pursue. They examine the fiscal stakes, potential refunds, and how markets reacted.
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ANECDOTE

Importer Shares Real Business Pain

  • Victor Schwartz described repeatedly changing tariffs and reworking hundreds of prices, which disrupted his wine importing business.
  • He said finding six-figure sums to pay tariffs created a major cash-flow hole for VOS Selections.
INSIGHT

Court Reins In Presidential Tariff Power

  • The Supreme Court ruled Trump's use of the International Emergency Economic Powers Act to impose broad tariffs unconstitutional.
  • Chief Justice John Roberts emphasized that the Constitution gives taxing power to Congress, not the president.
ADVICE

Monitor Alternative Statutes Closely

  • Expect the administration to try other statutes to impose some tariffs, but those come with limits like six-month durations.
  • Businesses should watch statutory details because alternative authorities require congressional approval or have built-in constraints.
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