In 2025, President Donald Trump’s administration has been characterized as the “year of the tariff,” according to U.S. Trade Representative Jamieson Greer, with tariffs justified under national emergencies related to fentanyl trafficking and the trade deficit. The Supreme Court is set to rule on the constitutionality of these tariffs, with experts divided on the outcome, which could impact trade negotiations, particularly with Canada and Mexico. Should Trump win, tariffs may increase, complicating renegotiations of the Canada-U.S.-Mexico Agreement (CUSMA). Conversely, a ruling against the administration could still result in limited relief for businesses and consumers affected by these tariffs.
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