Goldman Sachs has just published: Although Trump's tariffs have been blocked, there are alternative solutions.

A U.S. court has overturned the tariffs from the Trump era under the International Emergency Economic Powers Act (IEEPA), halting the increase in tariffs on goods from China, Canada, and Mexico. Goldman Sachs stated that this ruling is a setback, but not the end of tariffs.

Key points:

The court has given the Trump administration 10 days to stop collecting the blocked tariffs.

There are still other legal supports for tariffs, including:

Article 122: Rapid imposition of a 15% tariff for a duration of 150 days.

Article 301: Long-term tariffs implemented after investigations.

Articles 232 and 338: Tariffs targeting specific industries and retaliatory tariffs.

The White House may soon reimpose tariffs under different legal frameworks. Despite facing legal obstacles, it is expected that most tariff revenues will still be realized.

Currently, the Trump administration has appealed the court's ruling, and the case may ultimately be submitted to the Federal Circuit Court of Appeals or even the U.S. Supreme Court. In the meantime, some tariff measures may continue to be implemented through other legal avenues.

So, the issue of tariffs is not over yet, but overall, Trump is indeed facing setbacks, which serves as a good warning for him, who has always relied on verbal support.

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