Skip to main content

Featured

Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
Post a Comment
Read more

article

Labels

Supreme Court Strikes Down Trump’s Global Tariff Strategy

US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House

In a landmark decision with sweeping economic implications, the U.S. Supreme Court has rejected President Donald Trump’s attempt to impose broad global tariffs under the International Emergency Economic Powers Act (IEEPA). The ruling, delivered in a 6–3 decision authored by Chief Justice John Roberts, found that the emergency statute did not grant the president authority to levy such expansive trade measures. 

The decision dismantles a central pillar of Trump’s economic agenda, which relied heavily on aggressive tariffs aimed at reshaping global trade relationships. By striking down the policy, the Court affirmed lower court rulings that deemed the administration’s interpretation of the 1977 law unlawful. 

The ruling carries significant consequences for international markets and U.S. businesses, many of which had been grappling with higher costs and uncertainty stemming from the tariffs. It also marks a major judicial check on presidential power in the realm of trade, signaling that emergency economic authorities have clear limits. 

Labels:

Comments

Post a Comment