New York Times: Trump to Reinstate Tariffs Swiftly After Court Ruling
The Trump administration is poised to implement new tariffs swiftly if the Supreme Court invalidates existing global tariffs. This statement comes from U.S. Trade Representative Jamieson Greer, who shared insights in an interview with the New York Times.
Supreme Court Decision on Tariffs
The Supreme Court is expected to announce its ruling regarding these tariffs in the upcoming weeks, with a decision possible as early as Tuesday. This case represents a significant examination of presidential authority and the judiciary’s limits on such powers since Trump returned to office in January 2025.
Response to Supreme Court Ruling
- Trump’s administration plans to enact new tariffs immediately following a negative ruling.
- According to Greer, the administration is prepared to “start the next day” with the new tariffs.
Legal Framework for Tariffs
The core issue centers on Trump’s reliance on the International Emergency Economic Powers Act of 1977. This act allows the president to regulate international economic transactions during a declared national emergency. Should the Supreme Court decide against this approach, there are alternative legal frameworks available.
- The 1974 Trade Act permits tariffs of 15% for 150 days to rectify trade imbalances.
- The Tariff Act of 1930 allows for tariffs as high as 50% on nations that engage in discriminatory practices against U.S. trade.
Treasury Secretary Scott Bessent has hinted at using these alternative measures if the current tariffs are overturned. The situation remains fluid, with the Trade Representative’s office not providing immediate commentary on these developments.
