Source: Fortune
Summary
President Donald Trump’s trade war has suffered a significant setback after the Supreme Court struck down his global tariffs. The 6-3 ruling, which Trump called a “disgrace,” adds to the growing resistance against his policies. Despite the defeat, Trump has imposed new tariffs, but lawmakers from both parties are expected to push back. The Supreme Court’s decision is seen as a turning point, similar to the striking down of President Franklin Roosevelt’s first New Deal in 1935.
Our Reading
The numbers tell one story. Trump’s tariffs, once a signature initiative, are now a rallying cry for opposition. The Supreme Court’s decision has emboldened lawmakers to challenge Trump’s authority, and the president’s response has only added to the resistance. The strategy enters a familiar phase: Trump imposes new tariffs, and Congress pushes back. The announcement sounds familiar. The president’s bravado is matched only by his defiance. This is significant at a time when the president seeks to head into midterm elections with a head full of steam.
The president’s invincibility is slowly unraveling.
Author: Evan Null
