Trump Tariffs Likely To Be Struck Down As 'Unconstitutional' In Appellate Court, Says Peter Schiff: Handing The President 'Another Scapegoat'

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Aug 18, 2025

Economist Peter Schiff says that President Donald Trump’s tariffs are likely headed for defeat at the U.S. Appellate Court, setting the stage for what he refers to as “another scapegoat” for the ...

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It would be 1929 all over again, a GREAT DEPRESSION!” he said.\nThe U.S. Court of Appeals for the Federal Circuit is currently examining the rationale behind Trump’s use of the International Emergency Economic Powers Act to impose tariffs. Former House Speaker Paul Ryan (R) said earlier in the week that Trump’s emergency tariff authority could be overruled by the Supreme Court as well.\nContrary to Schiff’s claims of a refund, Goldman Sachs economist Alec Phillips believes that duties already paid by importers will not be refunded. \n“Tariff revenue was never counted toward offsetting the cost of the package,” he said, noting that importers may only be spared future tariffs.\nPhoto Courtesy: Barry Barnes on Shutterstock.com\nRead More:","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}