The larger reality is that Mr. Trump is so bull-headed about tariffs that he’s going to re-impose them any way he can. Along with Section 122, he’ll fire up more Section 201, 301 and 232 (national security) studies and tariffs. But as our friend Don Luskin points out, these are pea shooters compared to the IEEPA tariffs the Court struck down. They are limited in scope and duration.

Don’t miss this critical conversation. Join our expert panel as we unpack the latest US Supreme Court decision on tariffs. We’ll go beyond the headlines to examine what it means for economic growth, inflation, geopolitics and, most importantly, possible investment impact.