Skip to main content

Supreme Court ruling angers Trump: Global tariffs to rise from 10% to 15%

By
US President Donald Trump
US President Donald Trump has announced that he will raise the temporary global tariff rate on all goods imported into the United States from 10% to 15%. The tariffs include many countries that have been exploiting the United States for decades. New and legally permissible tariffs will be determined in the coming months. This decision by the British news agency Reuters came after the US Supreme Court ruled yesterday against his major tariff program implemented under the Economic Emergencies Act. Expressing anger at the court ruling, President Trump on Friday…

Under the relevant law, the president has the authority to impose a maximum tariff of 15% for 150 days, but this move may also face legal challenges.

President Trump said in a statement on the social media platform Social Truth that he is immediately increasing the 10 percent global tariff to the full legally authorized level of 15 percent. He said that many countries have been exploiting the United States for decades.

According to Trump, during this 150-day period, his administration will work to introduce new and “legally acceptable” tariff measures. Many of the countries included in the tariffs are countries that have been exploiting the United States for decades. In the coming months, new and legally permissible tariffs will be determined.

It should be noted that yesterday, US President Donald Trump expressed his reaction to the Supreme Court’s decision to impose tariffs on other countries.

He said that the court’s decision is very disappointing and such decisions are an insult to our nation. He also indicated that there is political pressure on the court and said how easily the court comes under pressure. Such decisions are an insult to the American people.

President Trump said that other countries are very happy with the Supreme Court's decision, the happiness of these countries will not last much longer, I can do whatever I want, I have the authority to end trade with a country and impose sanctions.

He also said while holding a press conference that the court's decision has further increased the authority to impose tariffs, the profits from tariffs will increase further, a 10 percent global tariff will be imposed in addition to other tariffs. I do not need to ask Congress to impose tariffs, all national security tariffs under Section 301 will remain in place.

It should be noted that on Friday, the US Supreme Court ruled by a majority of 6 judges to 3, declaring President Trump's additional tariffs on other countries illegal.

Chief Justice John Roberts clarified in a written decision that the president needs the express permission of Congress to impose tariffs and the IEEPA does not give him the authority to do so.

Labels:

Comments

Post a Comment

Popular posts from this blog

Army chief assures business community of ‘complete support’ for economic uplift

By Admin
Chief of Army Staff Gen Qamar Javed Bajwa on Wednesday assured the business community of the army’s “complete support” for the economic uplift of the country. He made this assurance during a meeting with businessmen who called on him at the General Headquarters today, according to a statement by the military’s media affairs wing. A delegation of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the army chief discussed the “evolving regional economic environment” as well as the FPCCI’s role in the development of commercial and industrial hubs in Pakistan, the Inter-Services Public Relations (ISPR) said. During the meeting, Gen Bajwa appreciated the role of the business community in the economic uplift of the country and affirmed all-out support of the army in this regard. The delegation, meanwhile, acknowledged the Pakistan Army’s role and sacrifices in the provision of a "secure enabling environment" for economic prosperity in the country, acco...
Post a Comment
Read more

3rd U-19 Women T20: South Africa beat Pakistan by 52 runs

By
In the third T20 of the five-match series in Karachi, South Africa Under-19 women's team defeated Pakistan Under-19 women's team by 52 runs tonight. Batting first, South Africa Under-19 women's team scored 158 runs for the loss of six wickets in allotted 20 overs. In reply, Pakistan Under-19 women's team were all out for 106 runs in 18 overs. South Africa lead the series 2-1.
Post a Comment
Read more

Military court case: SC rejects govt plea for constitution of full court bench

By
The Supreme Court of Pakistan has rejected a government plea to constitute a full court bench to decide the issue of civilian trials in military courts. The government had urged the court to set up a full court on the question. The was heard by a six-member larger bench headed by Chief Justice Umar Ata Bandial, which reserved its judgment on Tuesday. The bench ruled that judges were not available for the constitution of full court bench due to summer vacations. The bench includes Justice Ijazul Ahsan, Justice Muneeb Akhtar, Justice Yahya Afridi, Justice Mazahar Ali Akbar Naqvi and Justice Ayesha Malik. The Chief Justice of the Supreme Court remarked during the hearing yesterday (on Tuesday) that there should be an independent body to review whether the arrests were made on valid grounds or not. The attorney general of Pakistan submitted the details of 102 people who face military trials to the court. Justice Mazahir Naqvi said in his remarks why other accused in the same case ...
Post a Comment
Read more