Market Segment

November 16, 2025
Leibowitz: What happens if the Supreme Court rules against Trump's IEEPA tariffs?
Written by Lewis Leibowitz
The whole world waits for the Supreme Court to rule on the validity of President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs. Meanwhile, the ground is shifting. Just this past week, the president changed the direction of tariff policy. He belatedly concluded that taxes on imports of products that we don’t make in the United States are inflationary
Announced deals with Ecuador, Argentina, and other Latin American countries led the president to eliminate tariffs on bananas, avocados, coffee, oranges, and tomatoes from those countries. The order cited inflated prices in supermarkets as the basis for the move.

