*Walter Bloomberg|May 29, 2025 12:12
🔸 GOLDMAN: TRUMP TARIFFS BLOCKED, BUT ALTERNATIVES AVAILABLE
A U.S. court struck down Trump-era tariffs under IEEPA, halting a 6.7-point increase on goods from China, Canada, and Mexico. Goldman Sachs says the ruling is a setback but not the end of tariffs.
KEY TAKEAWAYS:
The court gave the Trump administration 10 days to stop collecting the blocked tariffs.
Other legal tools still allow tariffs:
🔸 Sec. 122: Quick 15% tariffs for 150 days.
🔸 Sec. 301: Longer-term tariffs after investigations.
🔸 Sec. 232 & 338: Sector-specific and retaliatory tariffs.
The White House may reimpose tariffs soon under different laws.
Despite legal hurdles, most tariff revenue is still expected to materialize.
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