Hope that the Supreme Court’s Friday decision to block the Trump administration’s tariff policy would bring more certainty to America’s trade policy was largely dispelled over the weekend.
Following the ruling, President Donald Trump announced a 10% global tariff, which he quickly raised to 15%, CBS News reported. In justifying the new tariffs, the White House cited Section 122 of the Trade Act of 1974, which allows tariffs to remain in place for 150 days. Administration officials also vowed to find other ways to impose tariffs.
The biggest wildcard for the publishing and printing industries is whether the new tariffs will include books, which had largely escaped the worst of the Trump tariffs, though many publishers, particularly in Canada, have been negatively affected by confusion over the tariffs’ implementation.
It was also unclear Monday morning if—and how—the administration will refund the tariffs it has already collected.
