US Tariff Uncertainty Delays Economic ‘Power’ Lutnick Predicted

President Donald Trump’s latest legal setback on tariffs increases uncertainty for American importers while delaying the economic dividends Commerce Secretary Howard Lutnickpredicted the administration would generate.

The US appeals court ruling late Friday saying that most of Trump’s tariffs are illegal adds a layer of complexity while questioning the president’s authority to impose taxes on companies to incentivize them to produce or source what they need at home.

The judges let the levies stay in place while the case proceeds, threatening to freeze corporate investment decisions until the cost of tariffs are clearer.

“We know that these tariffs ...