Scott Lincecum

It's not just about whether those country by country tariffs will be found to be unlawful.

The uncertainty is also around what the impact is on those country by country agreements, since those were created under the threat of tariffs.

Here's Scott Lincecum.

He's a trade expert at the Libertarian Cato Institute on how countries will react.

So we're really in uncharted waters.

There's just an array of different agreements, which means there's no one way this will play out.

Well, it was a joke that I guess has increasing relevance.

Well, it was a joke that I guess has increasing relevance.

Well, it was a joke that I guess has increasing relevance.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Correct, correct. And, of course, then applying tariffs on imports of all goods from these three countries. 10% for China, because they already had 25% tariffs on a bunch of stuff. And then 25% on all imports from Canada and Mexico. Leaving aside whether there is a Canadian fentanyl crisis.

Correct, correct. And, of course, then applying tariffs on imports of all goods from these three countries. 10% for China, because they already had 25% tariffs on a bunch of stuff. And then 25% on all imports from Canada and Mexico. Leaving aside whether there is a Canadian fentanyl crisis.

Correct, correct. And, of course, then applying tariffs on imports of all goods from these three countries. 10% for China, because they already had 25% tariffs on a bunch of stuff. And then 25% on all imports from Canada and Mexico. Leaving aside whether there is a Canadian fentanyl crisis.

Yes. Well, it's – and the big point and I think the point that I think is going to be litigated is even if you grant all of these crises, the remedy is utterly disconnected from the emergency itself. I mean how does applying tariffs on avocados solve the fentanyl crisis?

Yes. Well, it's – and the big point and I think the point that I think is going to be litigated is even if you grant all of these crises, the remedy is utterly disconnected from the emergency itself. I mean how does applying tariffs on avocados solve the fentanyl crisis?

Yes. Well, it's – and the big point and I think the point that I think is going to be litigated is even if you grant all of these crises, the remedy is utterly disconnected from the emergency itself. I mean how does applying tariffs on avocados solve the fentanyl crisis?

That's the big – I think the bigger issue here is that the remedy is really damaging for the US economy, for the United States global reputation, whatever – however you want to call that. I really mean that in terms of international economic agreements. Because, you know, Canada and Mexico are our biggest trading partners.

That's the big – I think the bigger issue here is that the remedy is really damaging for the US economy, for the United States global reputation, whatever – however you want to call that. I really mean that in terms of international economic agreements. Because, you know, Canada and Mexico are our biggest trading partners.