Commerce Minister: Customs remain despite the Trump legal dispute

Commerce Minister: Customs remain despite the Trump legal dispute

The Minister of Commerce Howard Lutnick said on Sunday that "tariffs will not disappear" after an appellate court exposed a blockade of many far-reaching tariffs from the Trump administration last week.

The effects of tariffs on the trade strategy

President Donald Trump has "so many other powers" that even under the unusual circumstances under which these tariffs are abolished, "we will simply introduce another or another tariff," said Lutnick in the program "Fox News Sunund". The commercial court decided on Wednesday that most of Trump's global tariffs were blocked, and ruled that the president did not have the "unrestricted authority" to introduce tariffs. The following day, however, the US Court of Appeal again put the blockade into force for the federal district and restored the tariffs. Trumps are constantly changing trade strategy, which also includes exposing some tariffs to create more time for negotiations, could encounter challenges in negotiations with other countries.

response from the EU to the court ruling

When asked about an official representative of the European Union, who announced Reuters that the court ruling gave the EU "additional negotiating power" in the trade talks, Lutnick replied: "It might have cost us a week." Trump recently threatened the EU with a 50 % inch, which was postponed until July 9th. Lutnick noticed that since the court decision "everyone is back at the table. Everyone will speak to us. Over the next few weeks they will see first -class deals for the American worker."

future customs measures and their deadlines

The 90-day suspension of Trump's “Liberation Day” tariffs, which imposed comprehensive tariffs on more than 100 countries, is about to end, while the government continues to drive negotiations. There will be no extension of this suspension, said Lutnick on Sunday. "This is the deadline, and the president will simply determine which sentences will apply. If you cannot make a deal, President Trump will decide which agreement there will be."

slow progress in the negotiations with China

The global markets were shaken by Trump's economic policy, in particular the constant change of tariffs to large trading partners and the escalation with China. During the trade war between China and the United States on May 12, after both sides in Geneva, Switzerland, agreed to reduce tariffs to US imports from 125 % to 10 % for 90 days. The United States temporarily reduced the tariffs to China from 145 % to 30 %.

Criticism of China's trade obligations

Under the agreement, China should also suspend or cancel his non -tariff countermeasures, which had been imposed on the United States since April 2. This included export restrictions for some rare earths that are essential components for products such as iPhones, electric vehicles and fighter jets. However, Trump said on Friday that China had "completely injured" his trade agreement with the United States. These comments followed the statement by Finance Minister Scott Bessent that the talks with China had "increased".

consequences of tariffs for the American consumers

Bessent was also asked about the expense of the administration of the administration at the expense of everyday life, including preparations for the beginning of school. He pointed out that some companies, such as Amazon and Home Depot, have so far not increased prices for consumers. "There is a wide range of companies here that make different decisions based on their customers," he said. Since Trump's introduction of tariffs, however, some companies have warned that they may have to increase prices to compensate for the costs.

increase in steel tariffs and their implications

Trump announced that the tariffs to stole to 25 % to 50 % to "secure the steel industry in the United States" and protect American steel workers. Hassett defended the increase in steel tariffs on Sunday and described it as a crucial step to ensure that the United States are prepared in the event of war. He referred to the overwhelming influence of China on the global steel markets and emphasized the national security emergency behind the tariffs. Experts warn that an increase in tariffs may lead to increasing prices for the construction and manufacturing industry in the United States.

In view of the changing geopolitical landscape, the topic of trade tariffs still seems to play a central role in the US economic strategy.