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Trump Tariffs Before the Supreme Court — Who Wins?
Truth on the Market
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The U.S. Supreme Court heard oral arguments last week on a case that will decide whether President Donald Trump has broad legal authority to impose tariffs as a key part of his foreign economic policy. Based on the justices’ questions, it appears more likely than not that the Court will hold the president lacks this legal authority. An administration loss would call into question the status of the tariffs already imposed and would affect the specifics of administration trade-negotiation tactics. Nevertheless, the administration still could use alternative legal means as leverage to change other nations’ trade practices.