Think we’re in the clear from tariffs if the Supreme Court rules against them? Not so fast.
If you think a Supreme Court decision striking down presidential tariff powers and The International Emergency Economic Powers Act (IEEPA) means the end of tariffs think again. The administration still has plenty of backup tools in its trade policy toolbox. Some are decades old, others rarely used, but all could bring tariffs back to life fast.Here’s what you need to know about the other ways tariffs could return and what they mean for your business:
1. The Smoot Hawley Act (1930)