Tariff debacle’s true fallout won’t be clear anytime soon
The U.S. Supreme Court on Tuesday ruled that President Donald Trump exceeded his authority when he imposed a broad set of tariffs that reshaped global trade, dealing a significant blow to a signature tool of his economic agenda and setting off a scramble in Washington and overseas to assess what comes next.
Within hours, the White House signaled it would pursue alternative measures to preserve the tariff regime and even expand it. Appearing at a news conference alongside U.S. Solicitor General John Sauer, Trump said an…