Overturning of ‘Chevron’ deference unlikely to have near-term effects on trade

A new Supreme Court ruling overturning a long-held deference to the actions of federal agencies is unlikely to significantly affect trade-related agencies in the near term, analysts tell Inside U.S. Trade , though there are areas in which trade law could see longer-term shifts. Loper Bright Enterprises v. Raimondo, a landmark Supreme Court decision that came out late last month, overturned Chevron U.S.A. v. Natural Resources Defense Council, which had directed the courts to defer to an agency’s reasonable interpretation...