Tariffs have peaked after Supreme Court ruling, says Morgan Stanley expert

Tariffs have peaked after Supreme Court ruling, says Morgan Stanley expert - MarketWatch# Tariffs have peaked after Supreme Court ruling, says Morgan Stanley expert## The average effective tariff rate has probably fallen to around 11%Published: Feb. 24, 2026 at 5:32 a.m. ETShareResize---Listen(3 min)President Trump's Liberation Day tariffs were struck down by the Supreme Court Photo: Getty ImagesThere's now a near- term ceiling for how high U.S. tariff rates can go and this may lead to increased consumer de ...