Tariffs aren't going to go away because of legal challenge, says Atlantic's Fred Kempe

Geopolitical Landscape & Trade Negotiations - The ruling weakens the administration's ability to use tariffs as leverage in trade negotiations [1] - Russia, India, and China are signaling solidarity, potentially creating a new world order, but it's more symbolic than a concrete alliance [2][6] - The US needs to actively underscore its relationships with NATO, the European Union, and other world democracies [7] Tariffs & Trade Policy - Clarity on tariffs is not expected in the short term [1][9] - Many tariffs are not under the International Emergency Economic Powers Act [9] - Even if the Supreme Court undermines the current tariff policy, the administration can revisit it through other means, potentially imposing tariffs of up to 50% [10] - Tariffs will remain a tool for the administration despite any court decisions [11] - Uncertainty surrounding tariffs is detrimental to business operations [11] Legal & Political Challenges - The Supreme Court is revisiting Trump's authority to impose tariffs under the International Emergency Economic Powers Act [4] - The Supreme Court is also reviewing Trump's power over the Fed, specifically regarding the potential firing of the Fed Governor [4]