Now that the Supreme Court has taken away a significant chunk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices?
“Nothing,” said Stephanie Roth, chief economist at Wolfe Research.
That’s because Trump has other tariff levers to pull. The Supreme Court noted other authorities remain available to Trump, including the laws that permitted the administration to raise significant tariffs on steel, aluminum and other imports — all of which remain in place.
And many of the tariffs that the Supreme Court overturned can be replaced with other tariffs. Trump on Friday announced he would do just that, planning to