US President Donald Trump wants to impose a 10% global tariff on US trading partners after the Supreme Court ruled that his tariffs levied via the International Emergency Economic Powers ACT (IEEPA) are illegal, given that they bypassed approval from US Congress. US President Trump said the 6-3 ruling left him “deeply disappointed” and accused the Supreme Court of being "swayed by foreign interests”. President Trump vowed to deploy new methods to impose tariffs, including a sweeping new duty on all foreign trading partners.
Chapter Breakdown
0:00 SCOTUS opposes Trump’s tariff regime
2:06 Jeffrey Frankel, Professor of Capital Formation and Growth, Harvard Kennedy School, on Trump’s new 15% tariffs
6:37 Maurice Obstfeld, Senior Fellow at the Peterson Institute for International Economics, on Trump’s statutory authority to impose 15% tariffs
#ustariffs #trumptariffs #scotus
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