SCOTUS Ruling on Tariffs
From the Ag Information Network, I’m Bob Larson. A couple of weeks after a Supreme Court ruling withdrew much of the authority the President was using to impose tariffs, we’re still waiting to see how this plays out.
Kam Quarles, CEO at the National Potato Council, says the decision took away the one tool, the International Emergency Economic Powers Act, the President was relying on …
QUARLES … “There are certainly other mechanisms that are available to the President, and that other President’s have used in the past, that can impose tariffs in certain circumstances.”
So, Quarles says it didn’t really shut him down …
QUARLES … “Anyone saying that this is just a complete blocking of any type of tariff strategy, I think that’s inaccurate.”
But Quarles says trade talks should continue …
QUARLES … “We’re hopeful that the negotiations that are going on in a number of different, valuable export markets, that those negotiations will continue to move forward and generate benefits for the agriculture industry.”
That, Quarles says is still uncertain, so fingers crossed …
QUARLES … “How countries react to this and how that may change the pace of their negotiations, I think that’s an unknown. But we’re obviously very hopeful for a more fair, balanced playing field for agriculture in the future.”
Quarles says recent trade agreements reached with Taiwan and others in the works give him hope.
