Yesterday at 11:43 AM | Dollar

Reuters says Trump may resort to other tariff options to circumvent US court ruling

Reuters says Trump may resort to other tariff options to circumvent US court ruling

According to Reuters, court rulings may slow down, but not stop President Donald Trump's global tariff offensive.

Experts say that blocking tariffs could lead Trump to resort to other legal measures to continue pressuring countries into making trade concessions. They advise foreign governments, companies, and other clients to assume that Trump will not abandon his trade duties and will reimpose them in one form or another.

On Wednesday, the Manhattan-based trade court ruled that Trump exceeded his authority by using the 1977 International Emergency Economic Powers Act (IEEPA) to impose levies. The advantage of IEEPA is its speed and the broad range of countries to which it can be applied. The law made it possible to avoid prolonged trade investigations under traditional tariff powers through executive action.

White House trade adviser Peter Navarro says that if IEEPA becomes unavailable, the Trump administration could apply duties in accordance with provisions in other laws regarding trade powers, tariffs, and commerce. Navarro added that even if Trump's lawyers lose in court, nothing will change and tariffs will be imposed in a different way.

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