Jack is a global trade and international logistics consultant and the founder of NexINT Global. His previous experience includes import and export compliance with automotive and high technology manufacturing, consumer goods, and luxury retail distribution companies. He is a Licensed Customs Broker and a non-resident fellow at the University of Georgia’s Center for International Trade and Security.
The Supreme Court could end up ruling if Trump has authority under the International Emergency Economic Powers Act to impose universal duties on imports.
Trade expert Jack Slagle called the ruling “a significant setback for the administration, which has leaned heavily on IEEPA to impose tariffs at will against China, Mexico, Canada, and everywhere else.”
But, “even if the Supreme Court doesn’t hold up the tariffs, it doesn’t necessarily mean the end of tariffs on imported goods,” said Slagle, founder of NexINT Global, in an email to CNBC. “It may not even result in a relative pause of the trade conflict.”
“We can expect that the president and his trade advisors will be reviewing all options, and to be clear, this is all far from over,” he said.