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

Economist Peter Schiff predicts that President Trump's tariffs may be deemed unconstitutional by the U.S. Appellate Court, potentially allowing importers to recover previously paid tariffs. Schiff suggests this could provide Trump with a new scapegoat for an impending recession, alongside Federal Reserve Chair Jerome Powell and President Biden. Trump has warned that overturning his tariffs could lead to a new Great Depression. However, Goldman Sachs economist Alec Phillips disagrees, stating that importers are unlikely to receive refunds for duties already paid.