"Trump formed the view that Japan's economic success was based on what he felt were the unfair terms of its economic relationship with the US. He came to see tariffs as a magic bullet for balancing the terms of trade with countries a view he has firmly held for more than 40 years, regardless of the country or the economic dynamics at play."
"That's why Friday's (February 20) US Supreme Court decision to rule his emergency tariffs illegal could be such a defining moment of his second term. Has the US top court's decision removed the main leverage Trump had for his economic policy? Will it cause him to change course? Or will he simply double down? Jacob Funk Kirkegaard, nonresident senior fellow with the Peterson Institute for International Economics, told DW that while the ruling doesn't remove tariffs from the Trump playbook, it may blunt their Impact."
Donald Trump has long relied on tariffs as a central economic tool, tracing that preference to perceptions of Japan's 1980s economic success and alleged unfair US-Japan trade terms. Tariffs are treated as a magic bullet to rebalance trade and are repeatedly deployed when politically pressured, including during disputes over Greenland and in threats involving Iran. Trump publicly celebrated tariffs as a path to restore US businesses and wealth. The US Supreme Court ruled his emergency tariffs illegal on February 20, a decision that could remove or blunt the effectiveness of tariffs as his primary economic leverage.
Read at www.dw.com
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