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Reading: Wine importer Victor Owen Schwartz wins Supreme Court docket tariff problem
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Business

Wine importer Victor Owen Schwartz wins Supreme Court docket tariff problem

Editor
Last updated: February 23, 2026 9:35 am
Editor
Published: February 23, 2026
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Wine importer Victor Owen Schwartz wins Supreme Court docket tariff problem


Dominari Securities founder Kyle Wool and Michael Lee Technique founder Michael Lee be a part of ‘Mornings with Maria’ to debate the tech sector and break down the influence of the Supreme Court docket’s upcoming tariff determination on the U.S. inventory market.

Victor Owen Schwartz by no means imagined he would in the future discover himself difficult a president within the highest courtroom within the land. 

However after President Donald Trump’s sweeping tariffs threatened the survival of his wine importing enterprise, Schwartz turned a plaintiff in a case that will finally attain the Supreme Court docket — and prevail.

Shortly after the ruling, Trump introduced a ten% international tariff and vowed to make use of different avenues to maintain the duties in place. A day later, he raised the tariff to fifteen%.

SUPREME COURT DEALS BLOW TO TRUMP’S TRADE AGENDA IN LANDMARK TARIFF CASE

A photograph of Victor Owen Schwartz of VOS Alternatives.

As a result of his enterprise depends upon international sourcing, Schwartz was uniquely uncovered. With wines and spirits arriving from 16 nations throughout 5 continents, almost each nook of his provide chain was touched by the brand new tariffs.

On Friday, the nation’s highest courtroom dealt Trump a major blow to his commerce coverage. Schwartz watched the choice unfold over Zoom together with his legal professionals, the destiny of his almost 40-year-old enterprise hanging within the stability.

“We’re relieved and really excited to get again to doing what we love, bringing handmade genuine wines and spirits to American shoppers,” Schwartz mentioned. “It’s not possible to explain the sensation of elation, of seeing that, sure, we had been proper, and the courtroom agrees with us, and a sense that justice prevailed,” he advised Fox Information Digital.

Schwartz was a plaintiff in one in all two instances introduced earlier than the Supreme Court docket. The challenges — Studying Assets Inc. v. Trump and Trump v. V.O.S. Alternatives Inc. — had been filed by an academic toy producer and Schwartz’s family-owned wine and spirits importer, each contesting the legality of Trump’s tariffs. 

The disputes adopted Trump’s “Liberation Day” tariffs in April, a sweeping package deal of import duties he mentioned would handle commerce imbalances and cut back reliance on international items.

TRUMP’S TARIFF REVENUES HIT RECORD HIGHS AS SUPREME COURT DEALS MAJOR BLOW

President Donald Trump holds up a sign showing reciprocal tariffs.

President Donald Trump delivers remarks on reciprocal tariffs throughout an occasion within the Rose Backyard in 2025. (Brendan Smialowski/AFP/Getty Pictures / Getty Pictures)

“Final spring, 1000’s of American small companies like mine had been thrown into chaos,” Schwartz mentioned, referring to the “Liberation Day” tariffs. “The administration’s unprecedented tariffs, which my enterprise was compelled to pay upfront, threatened our very existence,” he added.

In contrast to earlier tariffs enacted by Congress, which companies may plan round, Schwartz mentioned Trump’s sweeping duties felt unpredictable and arbitrary. He argued the brand new duties compelled small corporations to “gamble with our livelihoods by attempting to foretell the unpredictable,” calling them “an unconstitutional act of presidency overreach.”

Past the authorized combat, Schwartz mentioned the pressure on money stream was particularly acute.

“An important factor to understand in working any enterprise, actually a small enterprise, is the influence on money stream,” he mentioned. “When it’s important to pay these tariffs up entrance earlier than you’ve gotten bought a single bottle of wine, that is a serious influence. Money stream is the lifeblood of an organization.” 

FOX NEWS POLL: TRUMP’S TARIFFS FACED BROAD DISAPPROVAL EVEN BEFORE SUPREME COURT RULING

A photo of Victor Owen Schwartz of VOS Selections.

Victor Owen Schwartz of VOS Alternatives challenged the president and received within the Supreme Court docket. (Courtesy of Victor Schwartz)

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

The Trump administration has argued that aggressive tariffs are essential to confront what it calls years of unfair international commerce, underscoring how central commerce coverage is to Trump’s broader financial technique.

Whereas questions stay about what comes subsequent for U.S. commerce coverage, Schwartz mentioned he’s centered on transferring ahead and receiving the “authorities’s refund of those improperly collected taxes.”

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Reading: Wine importer Victor Owen Schwartz wins Supreme Court docket tariff problem
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