Texans Face Uncertainty After SCOTUS Tariffs Ruling | Bracewell LLP Media Mentions

The US Supreme Court’s ruling that President Donald Trump’s tariffs exceeded his authority under the International Emergency Economic Powers Act appear to be far from the final word on the issue. Instead, President Trump imposed a new 10 percent global tariff under Section 122 of the Trade Act of 1974 on Friday, increasing that to 15 percent by Saturday – and has threatened to issue more tariffs.

Bracewell’s** Joshua Zive** told Bloomberg Law Trump’s comments are causing more uncertainty. It’s not clear what the new tariffs will look like or whether exceptions Trump made for certain energy products and others will continue, he said.

“Section 122 has never been used before by any president,” Zive said. “So, we don’t know – for example – is he going to try to differentiate between different countries at different tariff rates? What about different products?”