The day after the Supreme Court struck down a set of Donald Trump's emergency tariffs , the president quickly imposed another, using a never-before-invoked provision of a decades-old trade law to order a global 10 percent tariff on most imports.

Now, that second set of tariffs has been deemed illegal, and there are no more emergency levers that Trump can pull to try to replace them any time soon. That leaves Trump without much negotiation leverage a week before he's set to meet with China's President Xi Jinping , who already appeared to have the upper hand heading into talks.

For Trump, when the US Court of International Trade invalidated his global tariffs, his key trade policy—which relies on imposing tariffs to supposedly drive more manufacturing into the US—was put at risk of being gutted.

Read full article

Comments