As reported by The New York Times
Most members of the U.S. Supreme Court express skepticism about Donald Trump’s use of extraordinary powers to impose tariffs on most imported goods.
According to The New York Times, as reported by Ukrinform, the case’s review could have significant economic and political consequences for businesses, consumers, and the president’s trade strategy.
A few members of the court’s conservative majority joined the liberal colleagues, doubting the administration’s claims of the authority to act without Congress’s consent.
It concerns the president’s use of provisions of the International Emergency Economic Powers Act of 1977, which gives the government the authority to take measures in cases of threats to the nation’s security or economy. Trump used it to impose tariffs on imports from more than 100 countries, arguing that this would reduce the trade deficit and stimulate domestic production.
According to participants in the discussion, some judges characterized the tariffs as taxes that “bring money into the budget from American citizens”.
Context of the case in the U.S. Supreme Court
On the eve of the hearings, Trump called the case “literally a matter of life or death for the country,” saying that without emergency powers the United States would be “virtually defenseless before other countries”.
Trump called this case “literally a matter of life or death for the country,” saying that without emergency powers the United States would be “virtually defenseless before other countries”.
Twelve states and a number of small companies filed the suit against the administration, among them a wine importer and a toy manufacturer. They claim the tariffs raised their prices and reduced the number of workers.
If the Supreme Court rules against the president, the administration could be forced to cancel trade deals and reimburse importers billions of dollars.
Meanwhile, the U.S. Senate approved at the end of October a resolution to repeal the sweeping global tariffs against America’s allies and partners, imposed by the Trump administration.
Experts say that the Supreme Court’s decision could significantly affect the future U.S. trade policy, international relations, and the resilience of the American economy.
More interesting materials:
- The US Supreme Court will soon review the legality of tariffs imposed by Donald Trump under the International Emergency Economic Powers Act, potentially impacting US trade policy and billions in tariff revenues.
- South Korea’s presidential candidate Lee Jae-myung calls for constitutional changes to restrict emergency powers ahead of June 3 elections amid political crisis.
- China rejects US plans for up to 500% tariffs on oil imports from Russia, emphasizing legal trade and energy cooperation with Russia amid rising geopolitical tensions.
