The Investment Implications of the Tariff Decision
About this episode
The episode discusses the Supreme Court's ruling on the legality of the President's tariff imposition and its implications for investment.
On Friday, the Supreme Court released a long-awaited decision, ruling that the President’s imposition of tariffs, using the 1977 International Emergency Economic Powers Act, otherwise known as IEEPA, was illegal. The President held a press conference that afternoon and issued a proclamation announcing a general 10% tariff on imported goods, using a different statute and promised to invoke a third set of statutes to replace the overturned tariffs on a more permanent basis. On Saturday, he announced that the 10% tariff rate was being raised to 15%.
More episodes of Notes on the Week Ahead
- AI, Inflation and Interest Rates
- The Latest News and the Economic Outlook
- The Receding Tariff Tide
- The Investment Implications of Shrinking the Fed’s Balance Sheet
- How Will It End?
- An Updated Outlook for the U.S. Economy
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