Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs
AI Summary
Following a Supreme Court ruling that struck down President Trump's sweeping tariffs as illegal, the Trump administration is working to reinstate them using a variety of trade laws. These new tariffs, which may be levied by country, trade issue, or product, will be more cumbersome and take months to implement. The administration is facing internal friction as officials from the Office of the United States Trade Representative and the Commerce Department compete for leadership in the process. Trade Representative Jamieson Greer stated that investigations related to issues like excess industrial capacity would be initiated, covering many countries in Asia. While the legal tools may change, the administration intends to deliver on its promise of tariffs.
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