Decision opens door to over US$100 billion in repayments and jolts administration’s trade agenda
The decision was the most significant setback yet for the administration from a High Court that has broadly accepted Trump’s expansive view of executive power.
“We can do it other ways, but it’s slow, and it’s cumbersome, and it doesn’t have the power, it doesn’t have the national security power that we have,” Trump said in December.
Issuing refunds would be a complex process that could involve a tangle of courts, the customs agency, political and geopolitical considerations and ultimately Congress for any broad-based solution.
This “will open a Pandora’s Box of uncertainty and chaos for businesses and consumers that is untenable in an election year,” said Treyz. “The path forward for tariffs exists, no doubt – but the process is fraught, complicated and highly disruptive.”
Source: News - South China Morning Post
