The Supreme Court on Friday gave Trump an off ramp from his tariff adventure. Tom Williams/CQ-Roll Call, Inc./Getty ImagesTrump also claimed the Supreme Court decision permitted him to levy a total embargo on foreign countries’ goods. What this means for pricesEconomists don’t expect the Supreme Court decision will be a gamechanger for consumer prices – especially because Trump made clear he’s not retreating. Stephanie Roth, chief economist at Wolfe Research, was blunt when asked what the Supreme Court ruling would mean for consumer prices. That number was expected to rise to $1,300 this year before the Supreme Court ruling.

Source: CNN February 23, 2026 13:01 UTC