Some short-term benefits possible but experts say policy clarity from Washington will take time
Containers are transported at the Laem Chabang deep-sea port in Chon Buri province on April 25, 2024. (Photo: Nutthawat Wichieanbut)
The issue of US tariffs is expected to intensify now that the US Supreme Court has struck down President Donald Trump’s use of an emergency powers law to impose them, Thai exporters and economists say.
The high court voted 6–3 on Friday to uphold a lower court decision that Mr Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose retaliatory tariffs was unconstitutional. Under the Constitution, it said, authority to levy tariffs is reserved for Congress.
The ruling applies only to the tariffs imposed under the IEEPA, which accounted for about half of all tariff revenue collected since new levies were imposed on dozens of US trading partners last year.
The US has imposed a 19% reciprocal ta
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