In February, the Supreme Court ruled that Trump had exceeded his authority by bypassing Congress to impose tariffs on an emergency basis. “Trump’s tariff mania injected uncertainty into global business supply chains that he is refusing to let the Supreme Court undo,” said Aaron Klein, chair of economic studies at the Brookings Institution. Seven in 10 Americans believe that tariffs have increased their costs of living, according to a recent poll, including 64% of Republicans and 67% of independents. Sung Won Sohn, a former commissioner at the Port of Los Angeles, said that inflation aggravated by Trump’s tariff actions has complicated policy at the Federal Reserve, fueling uncertainty in the U.S. stock market. Touting the event as “Liberation Day,” Trump announced additional tariffs targeting goods imported to the U.S. (White House via YouTube)______©2026 Los Angeles Times.

Source: Los Angeles Times April 02, 2026 16:34 UTC