Alan Edward Klein
Allowing Ads
The ruling only applies to a specific act from 1977 and the tariffs are expected to remain.
The 'emergency' IEEPA tariffs are struck down.The ruling only applies to a specific act from 1977 and the tariffs are expected to remain.
TL;DR on that: tariffs are likely to remain, as the ruling only applies to a specific law (International Emergency Economic Powers Act of 1977).
That being the legislation that the US executive purported to use to levy the tariffs.
Normally, taxation laws can only be imposed by the legislature - Congress in the USA.
Even at the time of US independence, the power to levy taxes resided in Parliament, not the monarchy, and the US brought that into their laws then as well.
The 'emergency' IEEPA tariffs are struck down.
Next question...how is 150 billion collected returned to those who paid?
The 'emergency' IEEPA tariffs are struck down.
Next question...how is 150 billion collected returned to those who paid?
I'm still waiting to rejoin the Commonwealth!
I'm still waiting to rejoin the Commonwealth!
Trump enacted tariffs in 1977?
TL;DR on that: tariffs are likely to remain, as the ruling only applies to a specific law (International Emergency Economic Powers Act of 1977).
2/3 of all of Trump's tariffs were IEEPA. He just got his balls chopped off.
2/3 of all of Trump's tariffs were IEEPA. He just got his balls chopped off.
No personality or political attacks allowed in this thread or it'll get shut down. Please stick to the facts and economic issues.
Not me - they use those weird weights and measures, Well, you do get a good pint at the pub, I have to say.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?