SCOTUS Tariff Ruling Could Be A 'Blessing In Disguise' For Trump And GOP, Says Former Deputy AG: 'If He Chooses To...'

Benzinga02-23 21:09

Former U.S. Deputy Assistant Attorney General John Yoo said that the Supreme Court’s (SCOTUS) ruling against President Donald Trump‘s tariffs might turn out to be advantageous for the Republican Party...

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Slower government spending amid shutdown, exports, and consumer spending drove the slowdown, partly offset by stronger investment, while imports fell more slowly than in Q3.\nFollowing the Supreme Court’s decision to nullify Trump’s tariffs under the International Emergency Economic Powers Act (IEEPA), the president announced a 15% global tariff rate under Sec 122 for 150 days. He also said that he would continue to follow the tariff plan under Congress-approved Sections 232 and Section 301. \nMeanwhile, the issue of tariff refunds hangs in limbo in the absence of the Supreme Court’s direction on the same. \nAmong the trading partners, the European Commission has urged the U.S. to honor its trade agreements and provide \"full clarity\". At the same time, China called for the withdrawal of unilateral levies. \nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Imagn\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2613782603","isCrawlerRequest":true}