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2026-02-21 01:00:27
[Capital Economics: Trump Administration Can Still Set Up Trade Barriers Through Other Channels] Capital Economics analyst Paul Ashworth stated that the Trump administration can still use multiple avenues to set up trade restrictions, potentially resorting to Section 122 of the Trade Act of 1974 or invoking Section 338 of the earlier Smoot-Hawley Tariff Act of 1930. Regarding tariff refunds, he estimates the total amount involved will be approximately $120 billion, equivalent to 0.5% of US GDP. Justice Brett Kavanaugh, who issued the lead dissenting opinion in this case, stated, "As mentioned during the oral arguments, the subsequent enforcement process could be extremely complex and messy."
