Q&A of the Day – Potential Fallout If SCOTUS Overturns Tariffs

Any specific outcomes would be speculative but for example I could see various possibles including the Supreme Court allowing for the President’s use of reciprocal tariffs. This has been done by presidents throughout history including Trump in his first term without issue. You might recall that Trump’s “Liberation Day” tariffs were said to be reciprocal, however in reality were across the board for all countries – regardless of if we had a trade surplus or deficit and even for countries that didn’t or now don’t impose tariffs on U.S. goods. If I were a betting person, I’m not, but if I were something along those lines is what I would bet on. Something that would likely strike down most of the tariffs as currently constructed, but leave open the door for adjustments. We shall soon see.