Now that the Supreme Court has taken away the bulk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices? That’s because Trump has other tariff levers to pull. The Supreme Court noted other authorities remain available to Trump, including the laws that permitted the administration to raise significant tariffs on steel, aluminum and other imports – all of which remain in place. Erica York, vice president of federal tax policy at the Tax Foundation, said the tariffs that remain in place will still amount to a $400 tax hike per household in 2026. But she noted that many companies paid the tariffs and did not pass the bulk of the tariff costs on to consumers.

Source: CNN February 20, 2026 15:49 UTC