There will be tariffs..the existing tariff toolbox is robust

5. There Will Be Tariffs

President Trump's most consistent policy belief over five decades is that other nations take advantage of America, selling us more than they buy (trade deficits) & restricting their own markets while expecting ours to be more open (lack of reciprocity). Trump's longstanding solution is to impose tariffs, which he did last time and is doing far more aggressively in T2.0. Whether or not the Supreme Court overturns the use of the International Emergency Economic Powers Act (IEEPA), there will be tariffs. The President believes deeply in their need & effectiveness, and T2.0 can leverage many other statutory authorities to impose them broadly.