White House Develops Contingency Plan for Tariffs Ahead of Supreme Court Ruling

According to Bloomberg, the White House is currently developing an alternative plan regarding the tariffs imposed by President Donald Trump on imports from several countries, in anticipation of a Supreme Court ruling that could limit the administration's powers in this matter.

This initiative comes ahead of the U.S. Supreme Court's decision in a case concerning the legitimacy of these tariffs, where justices have debated the legality of using the 1977 Emergency Economic Powers Act to justify them.

The case has sparked significant discussion among economic and legal experts, with some observers suggesting that a ruling against the tariffs could lead to a reevaluation of U.S. trade policy, while others argue that maintaining the tariffs is crucial for protecting domestic industries.

Thus, the White House faces a dual challenge: preparing for a legal scenario that could restrict tariff usage while also seeking to develop alternatives that ensure continued trade pressure on the targeted countries.