0511 GMT - A court ruling blocking the majority of tariffs imposed by the Trump administration is a setback for its trade policy, but might not change the final outcome for most major U.S. trading partners, Goldman Sachs economists say. The ruling blocks 6.7 ppt of tariff increases--including on Canada, China, Mexico, and the 10% baseline tariff--but not sectoral tariffs on steel, aluminum and auto imports, GS says. The administration also has other authorities it can use to set tariffs similar to those the court struck down. As it's unlikely that the administration can win an appeal in the 10 days it has under the order to remove the tariffs, GS expects the White House to announce a similar across-the-board tariff using a provision in the Trade Act. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 01:12 ET (05:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。