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The real significance of the US court ruling on tariffs
The case is an important test in the escalating power struggle between the US executive branch and parts of the judicial system.
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A US appeals court last week affirmed a lower court’s ruling that restricts President Donald Trump’s authority to impose tariffs.
PHOTO: REUTERS
Mohamed El-Erian
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In a decision late last week, a US appeals court affirmed a lower court’s ruling
Some see this as a significant setback to the US President’s use of his preferred tool to pursue not only economic goals but also geopolitical and national security aims. I suspect the impact will be less on trade policy but could turn out to be more important in the power struggle between the executive and some parts of the judicial system.
