Wiesemeyer: Court Decision Could Shape Trade Policy

The Supreme Court has begun hearing arguments on President Trump’s tariff authority. Washington D.C. analyst Jim Wiesemeyer believes the outcome could shape U.S. trade policy for years to come. “I’m in the minority. I think that for the most part, they will go along with what Trump has announced relative to the tariffs, but you won’t get that as a consensus viewpoint,” said Wiesemeyer. “I don’t think there’s any correlation to when you hear the initial hearings and can project how the Supreme Court is going to rule.” Even if the court limits Trump’s tariff powers, Wiesemeyer says the administration has other ways to pursue its trade agenda. “Tariffs are here to stay. While the President mentioned a $2,000 dividend for Americans from the tariff money, that would have to go through Congress. With the divisions in Washington, that’s not likely.”