Who is President Trump? He is the self-proclaimed “Tariff Man.” For virtually all economists, regardless of their political stripes, this attribution marks a man as an enemy and puts a target on his back.
At his State of the Union address in February 2026, it would be no surprise if Trump continued his dayslong diatribe about his signature trade policy being so unceremoniously ruled unconstitutional by a 6-3 Supreme Court majority. On Friday, he raged at the fresh news of his defeat by calling the high court’s justices “disloyal” and immediately erected 10% tariffs on the world, revising those upward to 15% over the weekend, via social media. As this week has progressed, he has vowed “to do absolutely ‘terrible’ things to foreign countries.”
