America’s Permanent Tariff Uncertainty Will Drive Up Costs
NEW HAVEN – The US Supreme Court’s decision to strike down the sweeping tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act of 1977 was a clear victory for those who believe in the rule of law and democratic institutions. But the celebration was short-lived in the United States and abroad, as the Court’s ruling quickly generated even greater uncertainty about US trade policy and foreign relations, including with its historical allies.
