Foley & Lardner LLP partner Gregory Husisian commented on the Trump administration’s “Liberation Day” announcement and implementation of new tariffs in the Global Trade Review article, “Global trade left reeling by Trump’s ‘Liberation Day’ tariffs.”
Husisian noted the “short-term outlook is unclear” but “the long term is actually very clear,” predicting that these reforms will likely “result in other countries looking to expand trade relationships with each other.” He also suggested that the new policies might face legal challenges in the U.S. Supreme Court, “likely on the basis of whether the International Emergency Economic Powers Act was properly invoked.”
