On the positive side, it provides an exit from unconventional customs policies that failed to deliver on their promises. Last year, Trump raised U.S. tariffs to their highest level in nearly a century. The stated goal was to reduce the ballooning trade deficit, revitalize the domestic industry, and create jobs in the manufacturing sector.
Desmond Lakman*
The U.S. Supreme Court's decision to strike down a large portion of the tariff increases imposed by Donald Trump was not entirely bad news for the president, but it held a clear irony: The bad part of the ruling is that it deals a significant blow to a key part of Trump's economic program and worsens an already dire financial situation.
