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Trump is scaling back some of his more punitive tariffs (especially on food), likely in response to domestic pressure.
But he’s maintaining or increasing tariffs in strategic sectors (like copper and autos) that he argues are for national security or economic leverage.
Legal risks are real: the Supreme Court could significantly limit his ability to impose such tariffs in the future.
The fiscal underpinning of his tariff-based policy (like funding a “tariff dividend”) might be weaker than the administration hoped.
