The Investment Implications of the Tariff Decision

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%.

You can listen to The Investment Implications of the Tariff Decision online on Radio and Podcast. Open the player on this page to stream the available audio.

The Investment Implications of the Tariff Decision is an episode from Notes on the Week Ahead by Dr. David Kelly.

This episode is 10:39 long.

This episode was published on Feb 23, 2026.

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