Trump fares fall in court and go to the Supreme Court

A US Appeal Court has ruled that most tariffs imposed by President Donald Trump (Republicans) is illegal, weakening one of the main tools of his international economic policy. Despite the decision, made on Friday (29), the tariffs continue in force until October 14, a deadline granted for the government to resort to the Supreme Court.

The trial takes place amid other disputes that can also reach the Supreme Court, such as the independence of the Federal Reserve, configuring a broad legal clash scenario on Trump’s economic policy. The tariffs, used by the president as a foreign policy pillar, served to pressure business partners and renegotiate agreements, but also generated volatility in the markets.

In response, Trump classified the court as “highly party” and stated in his social network: “If these tariffs were eliminated, it would be a total disaster for the country”. Even in the face of defeat, he said he believed in a reversal in the Supreme Court, noting that he hopes that the measures will still benefit the United States with the backing of the maximum instance.

Also read:
“Trump’s attack is a window of opportunity for Brazil to come out strengthened,” says Manzano
Trump’s tariff is “self -destructive,” says Harvard economist
Trump’s instability makes 50% rates unknown in Brazil

The Court of Appeals, in a decision by 7 votes to 4, considered that the Law of International Emergency Economic Powers (IEEPA), used by Trump as a justification, does not give the President explicit authority to impose tariffs. “The Statute gives the president significant authority to carry out various actions in response to a declared national emergency, but none of these actions explicitly includes the power to impose tariffs, fees or something similar.”said the court.

The YEEPA, sanctioned in 1977, has been historically used to sanction enemies and freeze goods, but never for commercial tariffs. Trump argued that measures were needed to face commercial imbalances and combat drug flow such as Fentanil. The decision responds to processes moved by small US companies and 12 states led by Democrats, which defended the unconstitutionality of tariffs.

__

with agencies
Edition: Barbara Luz