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White House prepares for overruling of IEEPA tariffs
Following the Supreme Court hearings on the legality of tariffs enacted by the US administration under the International Economic Emergency Powers Act (IEEPA), the government has started preparing fallback options to ensure the continuation of the tariff agenda. Although no comment was made on the specifics of these preparations, this has fuelled expectations that the court might overrule President Trump's use of the authorities granted under IEEPA. Betting markets already think President Trump will lose his tariff court battle. The main strategies will probably involve making more prominent use of sections 301 and ... (full story)