Supreme Court ruling may push President Trump to new tariff strategy

US President Donald Trump has warned that the United States could potentially be “reduced to almost Third World status’’ if the Supreme Court strikes down the tariffs he imposed this year on nearly every country in the world. During oral arguments on Wednesday, the justices sounded sceptical of his sweeping claims of authority to impose tariffs at will. In reality, though, Trump would still have plenty of options to continue taxing imports aggressively even if the Court rules against him. He could re-use tariff powers he deployed in his first term and draw on others, including one dating back to…