Trump, 10 tariff and Supreme Court
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In a 6-3 decision by Chief Justice John Roberts, the court upheld a lower court ruling that Trump exceeded his authority by invoking the International Emergency Economic Powers Act (IEEPA) to levy broad import taxes.
Trump's new 10% global tariff will make everyday prices, from groceries to cars, more expensive. Here's why it will impact your bank account. (AP Photo)
The President had signed a proclamation soon after the verdict to "impose a temporary surcharge" of 10% for “all articles" imported to the country in the next 150 days. Hours later the POTUS said he was raising this figure with immediate effect.
Mid-Day on MSN
Trump’s 10 percent global tariffs explained: Trade war escalates after counterstrike on court ruling
US President Donald Trump has announced a new 10% global tariff under Section 122 authority, just hours after the Supreme Court ruled 6–3 against his use of emergency powers to impose sweeping tariffs.
After the US Supreme Court struck down Donald Trump’s emergency tariffs, the White House activated alternative trade laws to keep import duties in place. Sections 122, 301 and 232 now anchor Washington’s tariff strategy,
After the Supreme Court blocks Trump’s IEEPA tariffs, he turns to Section 122 of the Trade Act of 1974 to impose temporary import duties.
SCOTUSblog on MSN
Supreme Court strikes down tariffs
In a major ruling on presidential power, the Supreme Court on Friday struck down the sweeping tariffs that President Donald Trump imposed in a series of executive orders. By a […] The post Supreme Court strikes down tariffs appeared first on SCOTUSblog.
Donald Trump signed executive orders late on Friday to impose new tariffs starting on Tuesday under Section 122 of the Trade Act of 1974.
More than $8 billion worth of Indian exports will continue to face US tariffs, even after the court ruling, as several duties fall outside the scope of the struck-down emergency powers.
John Fetterman explained he sees obvious negatives to Trump's tariffs after Fox's Aishah Hasnie noted he said the economic strategy turned out "pretty well."