"Our Supreme Court has made these Countries very happy but, as the Court pointed out, I have the absolute right to charge TARIFFS in another form, and have already started to do so."
"In February, the supreme court found that the Trump administration did not provide sufficient legal justification to use the International Emergency Economic Powers Act (IEEPA) a 1977 law designed to address national emergencies for many of the tariffs the Trump administration had put on countries around the world."
"In response, Trump swiftly imposed 10% tariffs on goods from much of the world under a different law, section 122 of the 1974 Trade Act. But these expire after 150 days, in July."
The Supreme Court ruled in February that the Trump administration lacked sufficient legal justification to impose tariffs under the International Emergency Economic Powers Act. In response, Trump imposed 10% tariffs on global goods under Section 122 of the 1974 Trade Act, set to expire in July. Trump attacked the court on social media, asserting his absolute right to impose tariffs in alternative forms. The administration launched trade investigations to establish grounds for permanent replacement tariffs. Trump vowed to raise temporary duties to 15% but has not yet done so. Meanwhile, severe weather delayed House voting until Tuesday.
Read at www.theguardian.com
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