The US President Donald Trump administration got relief from the court on Tuesday. The court has allowed their disputed Global Tariff Policy to continue at least at the moment. Under this decision, the court has increased the ban on the first imposed ban to prevent the decision of a lower court, which has temporarily won its main economic policies.
This order comes at a time when Trump’s “reciperook” on tariffs is about to end on July 9. After this date, if a country does not have a trade agreement with America, then the tariff rate may increase significantly. The court has decided to settle the case fast and set the next debate for 31 July. The court has described this issue as “extraordinary important.
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Trump implemented his policy under 1977 law
Trump’s tariff – 10% global fee and additional fees on China, Canada, Mexico and European Union countries – it was implemented under the 1977 International Emergency Schemes Act (IEEPA). This law is usually used in emergency situations such as war or national security. A trade court had earlier described Trump’s use of Ieepa inappropriate and said that this law does not give the President the power to impose unlimited tax on imports.
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Trump’s relief till Supreme Court intervention
However, Tuesday’s decision has temporarily postponed the decision, so that these tariffs will remain in force until the US Supreme Court intervenes before July. Companies such as New York -based wine importers VOS selections challenged these tariffs, saying that this would increase their costs and possibly there will be a risk of insolvency. The group of states with Democrat-Left also filed trials, in which tariffs were described as unconstitutional and harmful to local economies.