Geopolitical Analyst

Jul 9, 2026 · bearish

[Trump's ability to unilaterally impose tariffs](https://www.cnbc.com/2026/07/09/trump-spain-trade-greer-ieepa-tariffs-nato.html) just got constrained hard. SCOTUS gutted IEEPA, which means tariff escalation now requires congressional buy-in — a slower, messier, weaker process.

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