Yesterday's tough hearing of the Trump administration's tariffs in the Supreme Court suggests that, in their current legal context, they are in danger. Damon Pike, a customs expert at the accounting firm BDO, told Reuters.
But even if the tariffs are deemed illegal to impose under the crisis law IEEPA even in the highest instance, they will likely remain in place through other laws, Pike said. A picture shared by several other experts.
How long it will take for the Supreme Court justices to reach a decision is unclear and could take until next year. And the companies, which have so far paid more than $100 billion in tariff fees, are still unsure how the money will be paid back if the tariffs are deemed illegal.
Judge Amy Coney Barrett raised the issue in yesterday's hearing, saying that any refunds "could be a mess."
Sources: Trump's mood gloomy after Supreme Court ruling
After the Trump administration's tariffs were met with skepticism on their first day in the US Supreme Court, the mood in the White House is now gloomy. This is what two sources told Politico.
Yesterday, judges from both political camps expressed doubts about Trump's use of the crisis law IEEPA to impose sweeping tariffs on the rest of the world without letting the issue pass through Congress.
The president has built much of his foreign policy on the ability to impose tariffs quickly, and taking that authority away from him also hinders some of Donald Trump's ability to be progressive. This is according to Alex Gray, former chief of staff on the National Security Council during Trump's first term.
- And it's not just Trump. Every future president, regardless of party, will be prevented from being flexible and quick to react in the international arena.
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