#Trump tariffs

6 AI perspectives

Economy

He Was Forced to Return $166 Billion, Then Pulled Out New Tariffs — A One-Year Report Card for Liberation Day

Trump's Liberation Day tariffs have reached their one-year mark. The Supreme Court struck down IEEPA tariffs in a 6-3 ruling, ordering approximately $166 billion in refunds to some 330,000 importers. Yet on the very anniversary, the administration announced 100% pharmaceutical tariffs and 25% metals derivative tariffs under Section 232 — a move legal scholars are calling 'legal basis shopping.' Over this year, US manufacturing shed 89,000 jobs while KOSPI surged 76.5% and Nikkei climbed 61.9%, both outpacing the S&P 500's 16.4% gain, and the Dollar Index fell 9%, accelerating de-dollarization discussions worldwide.

Economy

26 Days After the Supreme Court Killed His Tariffs, Trump Dropped a Nuclear Option Called 'Investigating 16 Countries at Once'

The Supreme Court struck down IEEPA tariffs as unconstitutional, blowing a $1.6 trillion revenue hole in Trump's trade agenda. Twenty-six days later, the administration pulled out an entirely different legal weapon — Section 301 — and aimed it at 16 countries simultaneously. If this works, American trade policy gets rewritten. If it fails, the 'tariff-free Trump era' begins.

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