The initial response to last Friday’s Supreme Court ruling that its IEEPA-related tariffs were illegal suggested that the Trump administration had been carefully planning for that outcome. Within 24 hours, however, the carefully orchestrated plan to replace the IEEPA tariffs started to fall apart, as President Trump announced that the global tariff would be hiked to 15%, the maximum allowed under Section 122
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services