Wednesday night’s court ruling that blocked some of the Trump administration’s tariffs may not change the endgam💫e for the president’s trade policy, acಞcording to Goldman Sachs. 

A U.S. federal court 澳洲幸运5官方开奖结果体彩网:struck down President Donald Trump's “reciprocal” tariffs and other import taxes, leaving sector-specific tariffs in place. The White House quickly appealed the decision, which ruled that the administration had overstepped its au🐬thority.

“This ruling represents a setback for the administration's tariff plans and increases uncertainty but might not change the final outcome for most major U.S. trading partners,” Goldman Sachs analysts wrote late Wednesday.

Other takeaways from Goldman’s note include:

• The ruling doesn't affect tariffs on imported steel, aluminum and automobiles, or stop the administration from levying further sector-related tariffs. “If the White House finds it has less flexibility on country-focused tariffs, sectoral tariffs might receive more attention again,” wrote Goldman analysts. 
• There are multiple ways that Trump could enact similar tariffs to those that were struck down.
• One way to potentially avoid court scrutiny moving forward is through "Section 301 investigations." The U.S. Trade Representative conducts these investigations of trading partners. The analysts wrote that the investigations can take weeks or months to complete and would result in a longer timeline to implement tariffs.
• The administration could also use authority under Section 330 of the Trade Act of 1930 to levy tariffs. Those tariffs, Goldman noted, would not require an investigation but are limited to 50%. That authority has never been used. 
• Still another form of authority could be used to set tariffs of up to 15% for up to 150 days. After that window, Congress would have to act to extend the tariffs.

The upshot of all this, Goldman suggests, is that even if the latest court issues aren’t♊ resolved quickly, the administra𝓀tion has a range of other tools for enacting trade policy. 

“For now, we expect the Trump administration will find other ways to impose tariffs,” Goldman wrote.