The American president appealed to the highest court after the ruling that declared his global taxes illegal. He said that, without that tool, the country will become “weak and pathetic” and anticipated “repercussions never seen” if the measure is reversed.
The president of the United States, Donald Trump, He announced on Tuesday that his government will ask the Supreme Court an accelerated ruling after a Federal Court of Appeals declared illegal the global tariffs that he imposed on an “economic emergency”.
The judicial ruling
The Federal Circuit Court of Appeals ruled last weekby seven votes against four, that Trump incorrectly used the emergency law to establish taxes to nations around the world. The ruling ratified a previous decision of the International Trade Court, although the judges allowed the tariffs to remain in force while the case progresses in justice.
“The Statute grants the President a significant authority to act before a national emergency, but does not explicitly include the power to impose tariffs or encumbrances”, Said the opinion.
Speaking to journalists and in a radio interview, Trump defended the legality of his measures and warned that, if tariffs fall, the United States could “end up being a third world country.”
Trump USA Tariffs
“We will see an impact as perhaps never before”he said, anticipating a strong economic impact if the Supreme Court does not prove him right.
The president also argued that the stock market “would shoot” in case of a favorable ruling and warned that without tariffs the country would be seen as “weak, pathetic and non -rich” in front of the rest of the world.
Global tariffs were one of Trump’s main economic flags, who considers them key to protecting the American industry in front of international competition. Their critics, however, argue that import costs are expensive, affect consumers and tense commercial relations with strategic partners.
The future of Trump’s tariff policy It is now in the hands of the Supreme Court, that he must define whether the president acted within his powers or if he exceeded the authority granted by Congress.
Source: Ambito
