Supreme Court Rules Against Trump's Tariffs: These 10 Stocks Are Soaring - Applied Optoelectronics (NASDAQ:AAOI), Copart (NASDAQ:CPRT)
Benzinga·2026-02-20 16:02

A historic Supreme Court ruling invalidating President Donald Trump's sweeping global tariffs triggered a sharp rally across U.S. equities Friday, as investors cheered the removal of duties that had reshaped trade flows and markets for nearly a year.The decision, issued Friday, held that the International Emergency Economic Powers Act does not authorize the president to impose tariffs. Chief Justice John Roberts wrote that Article I of the Constitution grants Congress alone the power to levy duties and taxe ...

Supreme Court Rules Against Trump's Tariffs: These 10 Stocks Are Soaring - Applied Optoelectronics (NASDAQ:AAOI), Copart (NASDAQ:CPRT) - Reportify