The Globalist Where do US tariffs go from here?
May 30, 2025
H.J. Mai, a Washington D.C. journalist, Maria Saranji-Sehai, an activist in exile, Paul Walde, Europe correspondent at The Globe and Mail, fashion director Natalie Theodosi, and Andrew Muller provide an engaging analysis of global tariff dynamics. They discuss the legal ruling against Trump's tariffs and its implications for US and European markets. Additionally, they explore political shifts in Poland and Tanzania, the complexities of the Israel-Hamas ceasefire negotiations, and the intersection of fashion and social activism in a rapidly changing world.
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Legal Limbo Over Trump Tariffs
- The tariffs imposed by Trump are currently in legal limbo with courts issuing conflicting rulings. - This legal uncertainty keeps tariffs in place temporarily but may ultimately be resolved by the Supreme Court.
EU's Steady Trade Response
- The EU remains unified and calm, continuing retaliation on tariffs despite Trump's erratic trade policy. - They rely on their long history of negotiating trade agreements rather than reacting impulsively.
Trump Prepares Tariff Alternatives
- The Trump administration recognizes the legal challenge and prepares alternative methods to impose tariffs if courts rule against them. - The Emergency Powers Act gives the president some authority, but the Supreme Court outcome remains uncertain.