US EditionSupreme Court Ruling Against Trump’s Tariffs Is Unlikely to Mean an End to Trade Policy Chaos
The Supreme Court ruled Trump exceeded tariff authority under IEEPA, but new tariffs up to 15% and other measures will keep trade tensions high, economists said.
- On Friday, the U.S. Supreme Court struck down President Donald Trump's tariffs in a 6-3 decision for lacking authority under the International Emergency Economic Powers Act, and the administration reimposed tariffs up to 15% using Section 122 of the Tariff Act, limited to 150 days.
- U.S. Trade Representative Jamieson Greer said the administration invoked Section 122 and will supplement it with Sections 232 and 301, as EU leaders warned this could upend trade deals reached last year, and on Monday the EU postponed a key vote.
- Citigroup economist Veronica Clark said new tariffs "imply little change" in inflation forecasts, while Mark Zandi warned `Businesses don't know` and may reduce investment and hiring.
- Economists warned the fallout threatens global trade relations and could hobble the U.S. economy, but some analysts urged caution against panicking despite growing complexity.
- Analysts warn perceptions of U.S. mismanagement could accelerate deglobalization, while Chinese customs data show exports rose 6.6% last December and imports grew fastest in three months.
30 Articles
30 Articles
Despite a defeat before the Supreme Court, the US President continues to focus on tariffs in trade policy. A German entrepreneur reports what that means for him.
GOP in-fighting as tariff ruling leaves party divided: report
The Republican Party is in turmoil over the recent Supreme Court ruling on Donald Trump's use of tariffs, according to a report.The 6-3 ruling against the president means Congressional approval must be sought when increasing tariff percentages. This is a ruling Trump has hit back at, but it has left the GOP in disarray, with representatives airing their concerns over the economic situation, according to The Hill.Susan Collins (R-ME) said the Sup…
Trump’s fury 'will end up hitting the economy and Republicans': WSJ
The typically conservative editorial board of the Wall Street Journal ripped Donald Trump's "bull-headed" devotion to tariffs, writing in a new piece that this "fury" towards the recent Supreme Court ruling "will end up hitting the economy and Republicans in Congress."On Friday, the Supreme Court released its highly anticipated ruling on a case involving Trump's tariff authority, finding 6-3 that he did not have the power to levy them under the …
US trade chief’s statement on Trump’s global tariff
US Trade Representative Jamieson Greer issued a statement on President Donald Trump’s decision to impose a new levy after the Supreme Court struck down “reciprocal” and fentanyl tariffs imposed last year. The 15 per cent global tariff takes effect today and will run for 150 days. It was initially announced it would be 10 per cent but was later increased. Ambassador Greer's Statement on Supreme Court IEEPA Decision by scmp
Chicago Tribune
By PAUL WISEMAN WASHINGTON (AP) — The Supreme Court’s stunning rebuke of President Donald Trump’s broader tariffs means he can no longer pull new import taxes out of thin air at will. Even so, the justices’ ruling is unlikely to lessen the uncertainty over Trump’s trade policy that has paralyzed businesses for the past year. “For everyone, this has only gotten more complicated,” said trade lawyer Ryan Majerus, a partner at King & Spalding and a …
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