TARIFFS
Brazil wins a tariff reprieve. But the game isn’t over
The US Supreme Court struck down tariffs as improvisation. It did not rule against protectionism as strategy. Photo: Sheila Fitzgerald/Shutterstock
When the US Supreme Court invalidated on Friday many of the tariffs Donald Trump imposed throughout last year, Brazil had more reason to celebrate than almost any other country. The ruling, which found that the White House had wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to impose its signature levies, handed Brasília a significant commercial windfall.
Analysis by Global Trade Alert, which assesses trade policy changes, suggests that Brazil stands to see the…
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