*Walter Bloomberg
*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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