The government could wait to impose any plan after a Federal Court of Appeals temporarily restored Trump’s general tariffs after the ruling that had ordered to suspend them immediately.
He Government of the US president, Donald Trumpis considering a provisional measure to impose tariffs on large parts of the world economy under an existing law that includes a language that allows tariffs of up to 15% for 150 days, the Wall Street Journal reported Thursday.
The government did not yet make a final decision and I could wait to impose any plan after a Federal Court of Appeals temporarily restored Trump’s general tariffs on Thursday After the ruling of a commercial court that had ordered to suspend them immediately, the article added.
Judicial rounds and laps
“The International Trade Court (CIT) issued an incredibly unfavorable sentence for the United States in relation to tariff”Trump wrote on his social truth platform.
It should be noted that the CIT ruling questioned the legality of the tariffs imposed by the president, arguing that he exceeded his Constitutional powers by imposing them without the approval of Congress. The judges considered that this measure violated the principle of separation of powers, by assuming a function that corresponds to the Legislative Power.
The US president rejected this argument and defended his authority to protect the country’s economic interests without depending on Congress. “The president should be allowed to protect the United States from those who are causing economic and financial damage“, He said, pointing to his opponents as” bushing of back room. “
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
