Tariffs and Legal Challenges

This chapter delves into the complexities of tariff structures, particularly focusing on a 20% tariff imposed on imports and the complications arising from a lack of clear exemptions. It discusses the potential legal ramifications of President Trump's tariff policies, including ongoing litigation by trade associations and concerns over the use of emergency powers. The chapter also explores market implications, highlighting the impact of tariffs on industries like semiconductors and the uncertainty they bring to traders and the bond market.