As we have said several times before, we are not lawyers, we are economists, so this section title doesn’t mean that we actually know what the courts are going to conclude about these new tariffs, but we will make our argument on the basis of economic analysis. If the courts follow the economics of the argument, then the only way they can rule is against the tariffs. First, and this is important, we have to clarify that we think the administration is using these tariffs to buy time to figure out what to do next. The president has legal authorization to impose a tariff rate of up to 15% for 150 days. Since courts will ... (full story)