Trump pledges instant tariff reboot if court strikes emergency tariffs
The New York Times reports that if the Supreme Court rules against Trump’s use of the International Emergency Economic Powers Act to justify sweeping global tariffs, his administration would start replacing the tariffs the next day with new levies—potentially a 15% tariff for 150 days under a 1974 act to address imbalances or up to 50% tariffs under a 1930 act for countries that discriminate against U.S. commerce.