Trump's tariffs before the Supreme Court – government wants to keep them at all costs
US President Donald Trump's tariffs are once again before the US Supreme Court, which is to rule on their legality. Lower courts had previously ruled that the use of the IEEPA law was an abuse of power, but the Trump administration nevertheless expects the measures to be upheld.
Treasury Secretary Scott Bessent has described the tariffs as a matter of national security and intends to defend them personally in court. Even in the event of a defeat, the administration is prepared to use other legal means.
The tariffs have become a central component of economic policy, designed to persuade trading partners such as the EU and Japan to make concessions. However, US companies are the hardest hit, suffering from rising costs and inflation risks.
Investors warn that a court ruling to lift the tariffs could cause financial chaos and jeopardize government revenues. Several countries have now negotiated new tariffs and terms.
Trump considers the tariffs part of national defense and is also imposing them on countries such as China and India. According to analysts, the 15 percent tariff rate is increasingly becoming the new norm.
(reuters, lup)