US Supreme Court Strikes Down Trump Tariffs That Had a Tumultuous Effect on the Art Market
The US Supreme Court has struck down tariffs imposed under former president Donald Trump that had created volatility for the art market, ARTnews reported. The decision affects duties that influenced cross-border transactions, pricing, and shipping costs for artworks and related goods. Market participants had previously described the tariffs as disruptive, particularly for imports connected to international collecting and trade.
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This story was covered in Culture Wars and Shadowy Money Trails