Source: Fortune
Summary
The Supreme Court’s ruling against President Trump’s tariffs has left CEOs unsure of what’s next. Despite the court’s decision, Trump has already created new tariffs under a different law, and companies are now trying to figure out how to recoup the money they paid under the previous policy. CEOs have been vocal in their criticism of the tariffs behind the scenes, but few have spoken out publicly. The administration expects trading partners to honor the deals they forged during the tariff period, and companies are advised to keep an eye on Costco, which has successfully sued the Trump Administration over Liberation Day tariffs.
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The numbers tell one story. Trump’s tariffs have been deemed illegal, but he’s already found a new way to impose them. CEOs are quietly criticizing the move, but few are speaking out publicly. The Supreme Court’s decision has done little to calm their nerves. Protectionism is here to stay, and companies are advised to keep an eye on their supply chains. One CEO noted, “There is no upside in speaking out” against this president.
Companies will have to track every customs duty that can be directly attributed to tariffs imposed under the International Emergency Economic Powers Act. U.S. Trade Representative Jamieson Greer said it’s up to the lower courts to decide how refunds will be paid.
Costco’s decision to sue the Trump Administration over Liberation Day tariffs has left it well placed for refunds and reinforced its reputation of looking out for customers.
The strategy enters a familiar phase: companies will have to navigate the complex web of tariffs and trade agreements, all while trying to stay off the president’s radar.
Author: Evan Null
