Story perspectives

US Considers New Tariffs Amid Supply Chain Concerns

2/27/2026

Summary

Story summary

The United States is considering new national security tariffs on several industries, including telecommunications, after a Supreme Court ruling limited previous tariffs.
The move aligns with the "America First" strategy to pressure other countries.
Experts warn the tariffs could disrupt global supply chains and raise costs for U.S. businesses and consumers.
FedEx has filed a lawsuit seeking refunds for tariffs paid under the overturned International Emergency Economic Powers Act (IEEPA).

History

Historical Context

The International Emergency Economic Powers Act (IEEPA), enacted on December 28, 1977, allows the U.S. president to regulate international trade during national emergencies. This law has been invoked multiple times, including by President Trump, who imposed tariffs in 2025, echoing protectionist measures like the Smoot-Hawley Tariff Act of 1930, which significantly raised trade barriers and disrupted global supply chains.

1 of 2

Story summary

The United States is considering new national security tariffs on several industries, including telecommunications, after a Supreme Court ruling limited previous tariffs.
The move aligns with the "America First" strategy to pressure other countries.
Experts warn the tariffs could disrupt global supply chains and raise costs for U.S. businesses and consumers.
FedEx has filed a lawsuit seeking refunds for tariffs paid under the overturned International Emergency Economic Powers Act (IEEPA).

1 / 2