Goldman Sachs: Trump may pivot to new tariff tools if courts reject IEEPA-based hikes ...Middle East

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Analysts note that tariffs introduced under the International Emergency Economic Powers Act (IEEPA) account for around 8 percentage points of the 11pp rise in the effective U.S. tariff rate so far this year. Should the courts ultimately rule against the measure, Goldman expects the administration to fall back on alternative legal authorities.

In such a scenario, the administration could lean more heavily on sectoral tariffs instead. Goldman estimates these will form the bulk of further tariff hikes expected over the next 18 months, ultimately lifting the effective tariff rate by about 17pp compared with the start of the year.

Background to this:

US Federal Appeals court rules that most of Trump's tariffs are illegalTariffs quagmire dominates the setting to start the weekBessent says he is confident the US Supreme Court will not trash Trump's tariffs This article was written by Eamonn Sheridan at investinglive.com.

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