Liberation Day tariffs: 89k manufacturing jobs lost after Court ruling
One new report from Advancing American Freedom Foundation talk say Trump "Liberation Day" tariffs comot about 89,000 manufacturing jobs instead of make dem. Dem findings come after US Supreme Court rule on Feb 20, 2026 say the tariffs—wey dem put under International Emergency Economic Powers Act (IEEPA)—no follow constitution.
Tariffs dem announce on April 2, 2025. People talk say rates bin dey between 10% and 50% for imports, and effective rates climb about 5 percentage points under the IEEPA setup. The report use Bureau of Labor Statistics figures and estimate total manufacturing job losses since Trump second-term inauguration be about 82,000 to 102,000 by March 2026.
Other analysis wey dey inside the report say the policy help cause about 2,800 factory closures. E still estimate say average household face about $700 extra cost per year. After Supreme Court strike down the tariffs, businesses don start to pursue refunds wey fit reach up to $166 billion, after dem remove de minimis exemptions and related retaliatory structures.
For markets, the article link tariff escalation risk to crypto stress: in Oct 2025, threats of 100% duties on some Chinese imports trigger crypto liquidations of about $18–$19 billion, and Bitcoin fall around 8% shortly after.
Bearish
Dis news bad for traders mainly becos e dey tie tariff wahala/escalation to measurable crypto stress. Di article talk say tariff threats for Oct. 2025 trigger $18–$19B for crypto liquidations and one sharp ~8% drop for BTC — na exactly di kain risk-off/liquidity shock wey dey usually come before more volatility.
Even though Supreme Court void the tariffs (fit reduce forward policy risk and later support sentiment), di report main message still negative: tariffs dey linked to big manufacturing job cuts and large fiscal/financial fallout (for example up to $166B for refunds). Dat combination fit keep macro uncertainty high, make hedging demand last longer and suppress leverage.
Short term, traders fit react to any new tariff headline risk by trimming exposure or reducing leverage, especially around macro-policy catalysts. Long term, court invalidation fit small stabilize, but markets normally need time to price the new regime and for liquidation-driven positions to unwind — so downside volatility risk still dey.