Former U.S. Commerce Official: SCOTUS (U.S. Supreme Court) Tariff Ruling Was a Loss for the President
According to Nazak Nikakhtar, a former assistant secretary at the U.S. Department of Commerce (U.S. trade agency), many expected the Supreme Court tariff ruling would not favor the president.
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Terms & Concepts
SCOTUS: Acronym for the U.S. Supreme Court, the nation’s highest judicial body.
Tariff: A government-imposed import tax on goods entering a country; affects trade costs and prices.
U.S. Department of Commerce: A federal agency overseeing trade, economic growth, and industry policy in the United States.