Suche
Trump's customs policy under pressure: Colonel Court will soon decide!
The U.S. Colonel is examining Trump's customs policy for legal setbacks. Listen in November decides on trade disputes.
Trump's customs policy under pressure: Colonel Court will soon decide!
The Supreme Court of the United States is facing a crucial hearing on the customs policy of US President Donald Trump. The negotiation is scheduled for November. As reported vienna.at, Trump's government has applied for clarifying the legitimacy of tariffs that were imposed under an emergency law. These tariffs were previously classified as illegally by a US Court of Appeal, which Trump earned a defeat. The decision of the Court of Appeal does not come into force before October 14, which gives the President's time to rethink his strategy.
Customs policy affects numerous import products, especially from the European Union, to which a dials of 15 percent have been raised since August 7. The US government expresses concerns that a rejection of customs authorization could endanger existing trade agreements with important partner countries. So far, six significant trading partners and the EU have concluded framework agreements with the USA that have been adjusted in favor of the American economy.
The legal dispute
The argument about customs policy has increased after a federal court in New York has lifted the most tariffs. According to [DW] (https://www.dw.com/de/us- government- towards- Judereiche-zoll-stopp-in-beruftung/a-72710711) Trump exceeded the powers given by the emergency law of 1977. The commercial court made it clear that tariffs are a core competence of the congress and that the president has no unlimited powers of customs suspension.
At the Supreme Court, General Attorney D. John Sauer requested that the decision of the Court of Appeal to be lifted. The US government calls for a rapid clarification of the president's powers to impose trade sentences. A major point in this dispute is Trump's calling to the emergency law, which allows him to issue decrees in the event of a crisis without involving the congress. However, the Court of Appeal argued that only the congress is authorized to impose far -reaching tariffs.
Consequences for the economy
The economic implications of customs policy are enormous. Trump's politics could already lead to tensions in trade relationships with the EU and other countries. He threatens to terminate trade agreements if the court decision should go out against him. According to Tagesschau.de, industry-specific tariffs on aluminum, steel and car are not affected by the judgment of the appellate court.
Market analysts react differently to developments. While some signs of political relaxation on Asian and European stock exchanges make up, the uncertainty in trade policy also shows how fragile the economic framework is. In a phase in which the trade dynamics are not only influenced by the Inland market, but also international relationships.