Tariff Policy Evolution: SCOTUS Strikes Down IEEPA, Pivot to Section 301 and Section 338

After the Supreme Court struck down IEEPA tariffs, the administration pivoted to Section 301, finalizing forced labor tariffs on Thai rice (12.5%) and other imports from 60 economies. Trump is also reviving Section 338 (Smoot-Hawley) as a new tactic. Trading partners (Australia, Japan, EU) are dismayed. Economic impact estimated at $1,700 per family.