The US Supreme Court ruled Friday that Donald Trump exceeded his authority in imposing a swath of tariffs that upended global trade, blocking a key tool the president has wielded to impose his economic agenda.
The conservative-majority high court ruled six-three in the judgment, saying the International Emergency Economic Powers Act (IEEPA) “does not authorize the President to impose tariffs.”
The ruling does not impact sector-specific duties that Trump has separately imposed on imports of steel, aluminum and various other goods.
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US President Donald Trump on Friday called the recent Supreme Court ruling against his global tariffs a "disgrace" and said he has a backup plan in mind, CNN reported, citing people familiar with the remarks.
ReplyDeleteThe comments were made during a working breakfast with US governors.
Earlier in the day, the US Supreme Court ruled 6-3 that Trump is not authorized to impose global tariffs.
Corte Suprema de EE.UU. admite que la devolución de aranceles de Trump puede ser "UN CAOS"
ReplyDeleteAt the same time, the Supreme Court did not clarify whether the US administration should return the money paid as tariffs earlier. "The Court says nothing today about whether, and if so how, the government should go about returning the billions of dollars that it has collected from importers," Justice Brett Kavanaugh said.
ReplyDeleteUS President Donald Trump says he will impose 10% additional global import levy following Supreme Court ruling striking down tariff policy
ReplyDelete