Trump seeks review of tariffs at the U.S. Supreme Court
In a significant development, President Donald Trump is appealing to the Supreme Court to uphold his tariff policy, which has been a subject of controversy since its inception.
The legislation in question is Section 232 of the Trade Expansion Act of 1962, a provision that allows the imposition of tariffs on imports for national security reasons. This authority has been challenged in courts over the legality of broad tariffs on steel and aluminum imports.
Trump announced last week that he would challenge the appeals court's decision, hoping for a favourable ruling from the Supreme Court. The appeals court has criticised Trump's legal argumentation for tariffs, stating that they are a core competence of the US parliament.
The Supreme Court is being asked to indicate by September 10 whether it will take on the case. If it does, an oral hearing is expected in the first week of November. The potential ruling could shift in Trump's favour, as the bench has shifted to the right during his first term.
The tariffs, which cover imports from dozens of trading partners of the USA, have had far-reaching effects. They have led to the insolvency of a family-owned company with a 475-year history, affecting 160 employees. Another traditional German company has stopped shoe production, resulting in the dismissal of all employees.
The US government is anxious about the potential denial of the tariff authority, stating that it could bring the USA "to the brink of an economic catastrophe." The European Union currently has a tariff rate of 15 percent on most EU products imported into the USA. Some tariff rates have changed as a result of negotiations with the USA.
It is important to note that Trump's tariff policy is based on a 1977 law that allows the president to issue decrees in a crisis without consulting Congress. The policy was originally challenged by a dozen US states.
This case is a significant test for the Supreme Court, as it could set a precedent for future presidential powers in trade matters. The outcome will be closely watched by both domestic and international stakeholders.
In the meantime, the tariffs will continue to apply at least until October 14, giving Trump time to appeal the decision. If the Supreme Court agrees to hear the case, an oral hearing is expected in the first week of November. We will keep you updated on any developments.
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