Trump, Global Tariff and Supreme Court
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Between the results of those investigations, a lack of clarity surrounding tariff refunds and geopolitical ramifications that threaten deals Trump made with trading partners to lower auto tariff rates, the global supply chain is now in a “very confused state,” Wedbush analysts said in a Feb. 23 research note.
The Trump Administration will “invoke alternative legal authorities” for tariffs, Treasury Secretary Scott Bessent said in Dallas on Friday, hours after the U.S. Supreme Court overturned the President’s far-reaching import duties.
President Donald Trump announced he would be using other federal statutes to impose tariffs after the Supreme Court struck down his sweeping levies.
The White House said the agreement will open India’s 1.4-billion-strong market to US goods, cut tariffs, and advance talks toward a broader bilateral trade pact.
Donald Trump’s had his fun with tariffs and now it’s payback time. As in: it’s literally time to pay it back. The Supreme Court decision against Trump’s bogusly named emergency duties — as issued under the International Emergency Economic Powers Act — has put his trade policy in disarray.
With the latest supreme court ruling exposing the president’s tariff plans as unlawful, US politicians and the American people have found them to be unworkable. Where does Trump go from here?
Trump called the Supreme Court’s ruling last week that struck down his sweeping tariffs issued under the International Emergency Economic Powers Act “very unfortunate.” Four Supreme Court justices, including Amy Coney Barrett,