We heard CEOs rip into Trump’s tariffs behind the scenes and the Supreme Court just vindicated them

Today’s decision by the U.S. Supreme Court striking down most of President Trump’s sweeping import tariffs under the International Emergency Economic Powers Act (IEEPA) is not only the right decision, it is a profound economic relief for American businesses and consumers alike.

In a 6-3 decision, the Court made clear what many CEOs have been saying for months, publicly and privately: the tariff gambit was not only unlawful, but it has been counterproductive, as well as harmful to American businesses and the economy. 

Today’s ruling fortifies what CEOs have been telling us about tariffs all along 

CEOs have been sounding the alarm over the last year, all but begging to be liberated from liberation day. Top businesses nearly universally saw those tariffs as bad for business, no matter what Howard Lutnick and Peter Navarro said as spin.

At our last Yale CEO Caucus in Washington DC, 75% of CEOs told us that they believe the IEEPA tariffs are illegal. Meanwhile, two-thirds of the top CEOs surveyed at our event told us that U.S. tariffs have been harmful to their businesses, with 80% ...