Feb 21 • 00:00 UTC 🇮🇹 Italy La Repubblica

Wescott: "Tariffs, the law has won. The business world no longer trusts"

Economist Robert Wescott celebrates a Supreme Court ruling as a victory for the rule of law in the face of business skepticism amid tariff controversies.

Robert Wescott, former chief international economist under President Bill Clinton, expresses his enthusiasm over a recent U.S. Supreme Court ruling, which he views as a landmark victory for the rule of law and institutional dignity amid ongoing debates about tariffs and trade. Wescott, known for his role in promoting globalization and multilateralism, contrasts his views with those of former President Donald Trump, who brought a more isolationist approach to U.S. economic policy.

This ruling reflects a larger context in which the business community is grappling with uncertainties related to tariff policies and their implications for global trade practices. Wescott's perspective highlights a shift towards greater respect for legal frameworks and institutional processes, which he believes are vital for restoring confidence among businesses and investors that have grown wary amidst fluctuating policies.

By framing the Supreme Court's decision as a triumph for legal norms, Wescott underscores the importance of maintaining a stable and predictable business environment. As the world navigates the aftermath of protectionist measures, he calls for a renewed commitment to the principles of fair play and multilateral cooperation to ensure that businesses can thrive once again in a complex global economy.

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