Trump’s use of a trade tool created during the Great Depression helped trigger a trade war between the two border countries, with few signs of de-escalation in sight.
- Professor Emeritus of Economics, Babson College
The effects of the Trump administration’s 2025 tariffs are still being passed on to consumers, while new levies will add to the overall tariff rate.
Rebuffed by the Supreme Court, President Donald Trump is seeking to exploit a different tariff tool to regain leverage. Whether it succeeds remains in question.
The ruling strikes down most of the Trump administration’s current tariffs, with more limited options to replace them.
Justices are currently looking at whether Trump’s tariffs are constitutional. But that ruling won’t shed any light on whether they are wise.
Tariffs are taxes on imports, but the costs don’t stay at the border.
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