The uncertainty unleashed by Donald Trump’s tariffs has only been aggravated by a spate of recent court rulings. On May 28, the US Court of International Trade struck down Trump’s “Liberation Day” tariffs, saying that the emergency law (International Emergency Economic Powers Act) does not give the President the power to impose broad tariffs. However, a day later, a federal appeals court temporarily reinstated the tariffs. The case is now likely to work its way through the US legal system. The uncertainty is likely to linger on as the 90-day pause on the Liberation Day tariffs ends in the second week of July.

The Trump administration may have hoped that some trade deals........

© Indian Express