Prediction: Trump's New Tariffs Won't Stand Up in Court. Consider Buying These 2 International ETFs.
Written by Ben Gran for The Motley Fool -> The stock market seems to be shrugging off Trump’s new tariffs; the S&P 500 is up 5% since they were announced. The Vanguard FTSE All-World ex-US ETF offe…
The stock market seems to be shrugging off Trump’s new tariffs; the S&P 500 is up 5% since they were announced.
The Vanguard FTSE All-World ex-US ETF offers a portfolio of more than 3,000 global stocks and has delivered 17.3% annualized returns in the past three years.
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In July, President Donald Trump announced a new round of global tariffs on 60 countries, but he's already facing a new legal battle. At least 25 states have sued the Trump administration to block the new tariffs. This state-level legal action follows a separate lawsuit filed by the Liberty Justice Center, a legal nonprofit.
Just like the previous batch of Trump tariffs that were overturned by the Supreme Court, it seems like a safe bet that this new round of tariffs will eventually be struck down by the courts. In its February ruling, the Supreme Court effectively said that the president doesn't have constitutional authority to personally impose sweeping tariffs for any reason of his choosing -- Congress is supposed to be involved with creating new taxes.
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Even though Trump says "forced labor" in other countries is the rationale for the new tariffs, the administration doesn't have a strong track record of showing evidence for such claims.
The stock market has taken the new Trump tariffs in stride; unlike the "Liberation Day" tariffs in April 2025, there was no major sell-off. The S&P 500 index is up about 5% since the new tariffs were announced on July 23. That's a sign that many investors are looking past these tariffs and investing in the future of the global economy.
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