Trump Tariff Tracker – January 12

With the start of the new year, we anxiously await the Supreme Court's decision in the IEEPA tariff cases. The Court issued its first opinion of the term last Friday, but it was not the highly anticipated IEEPA tariff opinion. Nevertheless, Court-watchers expect the see the opinion in the next month.

With the legality of the Trump Administration's IEEPA based tariffs hanging on the decision of the Supreme Court, the future of the trade agreements the Administration has made with a number of countries based on the IEEPA tariffs also hang in the balance. Since the IEEPA reciprocal tariffs have been implemented, the Trump Administration has extracted concessions through trade deals with 18 countries, with a number of other countries still seeking deals. Whether these deals continue to go forward will likely depend on the decision of the Supreme Court.