Trump Asserts Right to Impose Tariffs in Another Form

Summary

Following a Supreme Court ruling that invalidated his previous tariff policy under the International Emergency Economic Powers Act (IEEPA), Donald Trump has stated he has the absolute right to impose tariffs through other means Zhitong+ 2. He has cited other legal options, such as the Trade Act of 1974, and suggested he could pursue tariffs in a “more forceful and uncomfortable manner” . Trump maintains he does not need congressional approval and has previously claimed tariffs significantly reduce the US trade deficit Sina Finance+ 2. After a court setback in February, he announced an immediate increase in the global tariff rate from 10% to 15% benzinga_article.

Impact Analysis

So he’s basically telegraphing that the tariff fight is far from over. The market might see the Supreme Court ruling as a constraint, but he sees it as a roadmap to use other legal authorities, even threatening a “more forceful” approach . This isn’t about the legality of one specific act; it’s about the persistence of the strategy. He’s signaling that trade disruption is a core policy, not a temporary tactic. The key takeaway is that macro volatility driven by trade policy will remain elevated. This reinforces the deglobalization theme and puts a risk premium on any company with a complex international supply chain. The market seems to be underpricing the risk of a broad, global tariff, not just a targeted one. I’d consider shorting multinational industrials and transports, which are most exposed, and hedging against a general spike in market volatility.