Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Hong Kong stocks hit 4-year high as China inflation data lifts chances of a rate cut

September 10, 2025

Hong Kong stocks hit 4-year high as China inflation data lifts chances of a rate cut

September 10, 2025

Oracle shares surge 26% on cloud growth and OpenAI energy deal

September 10, 2025
Facebook X (Twitter) Instagram
Wednesday, September 10
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Trump advisers say tariffs ‘not going away’ amid legal fight
Finance & Economics

Trump advisers say tariffs ‘not going away’ amid legal fight

adminBy adminJune 1, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 92


US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025.

Saul Loeb | AFP | Getty Images

President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo.

“Rest assured, tariffs are not going away,” Commerce Secretary Howard Lutnick said on “Fox News Sunday,” days after a federal court ruled that Trump overstepped his authority when he imposed the sweeping duties.

A federal appeals court later granted the Trump administration’s request to temporarily pause the ruling, giving the White House some breathing room, but officials now stare down a potentially arduous legal battle.

The looming legal fight, which could ultimately wind up before the U.S. Supreme Court, injects uncertainty into Trump’s tariff plan, which has upended the global economy in the weeks since his initial April 2 announcement of so-called reciprocal tariffs.

Trump’s advisers insist, however, that the tariffs will stay in place in the face of the legal challenges — or the administration will find new ways to implement them.

Read more CNBC politics coverage

National Economic Council Director Kevin Hassett said Sunday that he is “very confident” that the judges on the nation’s top court would back Trump’s tariffs.

“We are very confident that the judges will uphold this law. And so I think that’s Plan A. And we’re very, very confident that Plan A is all we’re ever going to need,” he said on ABC News’ “This Week.”

But he added that if the tariffs are blocked, “we’ll have other alternatives that we can pursue as well to make sure that we make America trade fair again,” without giving specifics on what that route would look like.

“There’s all these laws that your listeners don’t want to listen to that are alternative ways to pursue what we’re doing,” he said.

The U.S. Court of International Trade on Wednesday blocked Trump’s tariffs, ruling that the International Emergency Economic Powers Act (IEEPA), which Trump invoked to impose the tariffs, does not authorize a president to levy universal duties on imports. To justify the tariffs, Trump said that the “large and persistent annual U.S. goods trade deficits” constituted a national emergency.

The Trump administration swiftly appealed the ruling, and a federal appeals court granted their request for a temporary stay.

It’s not clear how the nation’s highest court would eventually rule on Trump’s tariffs, but it is not a given that the conservative-majority Supreme Court would automatically side with the president, POLITICO reports.

The White House has argued that a court ruling overturning Trump’s tariffs would undermine his negotiating leverage with other nations.

“A ruling that narrows IEEPA would have ripple effects across every domain in which economic instruments are used for strategic effect,” Lutnick said during a deposition last month.

Trump said Sunday: “If the Courts somehow rule against” the U.S. on tariffs, it would “allow other Countries to hold our Nation hostage with their anti-American Tariffs that they would use against us.”

“This would mean the Economic ruination of the United States of America!” he wrote on Truth Social.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Finance & Economics

investors await Fed rate decision

July 30, 2025
Finance & Economics

Bank of America expects a jobs report dud on Friday

July 29, 2025
Finance & Economics

The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue

July 29, 2025
Finance & Economics

U.S.-China tariff pause not set, say Bessent, Greer

July 29, 2025
Finance & Economics

Biggest labor union opposes Union Pacific, Norfolk Southern merger

July 29, 2025
Finance & Economics

Trump trade, tariff deals with all but China done soon: Lutnick

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Aurangzeb, Acumen Pakistan leadership discuss climate-focused investment – Business & Finance

September 10, 2025

Tariff reforms to impact positively on auto sector: report – Business & Finance

September 10, 2025

Capital markets: SECP wing deliberates on boosting ESG disclosure practices – Business & Finance

September 10, 2025

Apple launches slimmer iPhone Air, new iPhone 17 – Technology

September 9, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Hong Kong stocks hit 4-year high as China inflation data lifts chances of a rate cut
  • Hong Kong stocks hit 4-year high as China inflation data lifts chances of a rate cut
  • Oracle shares surge 26% on cloud growth and OpenAI energy deal
  • Hyundai raid hurts US-South Korea ties as trade, immigration agendas clash
  • China to roll out new rules on Mandarin use in ethnic integration drive

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Hong Kong stocks hit 4-year high as China inflation data lifts chances of a rate cut

September 10, 2025

Hong Kong stocks hit 4-year high as China inflation data lifts chances of a rate cut

September 10, 2025

Oracle shares surge 26% on cloud growth and OpenAI energy deal

September 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.