By Todd Sheets, Investment Banker, Economist, Author of 2008: What Really Happened
Earlier today, the Supreme Court ruled
6-3 against President Trump's use of tariffs. The court specifically ruled
against both the use of the global tariffs and the more specific use of "fentanyl"
tariffs against Mexico, Canada and China. As many of you know, from the very
beginning I have consistently supported the President’s tariffs on economic and
national security grounds. In fact, I was one of the few who, after the
Liberation Day tariff announcements last year, pushed back against the fear
mongering from both the political left and right that the tariffs would push us
into a depression and/or would be highly inflationary. On both accounts, this
analysis proved correct. [more...]
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