What's next? Is there another law possibly giving President Trump the authorization?
From an economic standpoint it would be justified (but not recommended) to respond with tariffs if another country imposes tariffs on US imports. Hower, such countervailing/reciprocal tariffs may violate international trade agreements.
"In a 6-3 decision, the Supreme Court ruled that President Donald Trump’s executive actions on tariffs exceeded his constitutional authority.
During oral arguments in November, even Trump-appointed justices seemed skeptical of the government’s arguments that the president could impose tariffs without congressional approval. ...
At issue was whether the president exceeded his executive branch authority by imposing tariffs under the 1977 International Emergency Economic Powers Act, a law intended to address emergencies only.
The Trump administration has argued the trade imbalance constitutes a national emergency. Trump has consistently argued the United States has gotten a raw deal on trade with other countries that impose tariffs. ..."
No comments:
Post a Comment