Goldman says Trump will use workaround on tariffs
"U.S. President Donald Trump could still find a workaround after suffering a major blow to a core part of his economic agenda.
The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on numerous countries."
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"Section 122 of the Trade Act of 1974 does not require a formal investigation and could therefore be one of the swiftest ways to get around the court roadblock.
"The administration could quickly replace the 10% across-the-board tariff with a similar tariff of up to 15% under Sec. 122," analysts at Goldman said. They noted, however, that such a move would only last for up to 150 days after which law requires Congressional action."
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"Trump could also swiftly launch Section 301 investigations on key U.S. trading partners, laying the bureaucratic groundwork for tariffs — although Goldman said that this process will likely take several weeks at a minimum."
https://www.cnbc.com/2025/05/29/trump-expected-to-find-a-workaround-after-trade-court-blocks-tariffs.html
Article says the Supreme Court will ultimately have the last word.
I hope this is spin.
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