US EditionChina Urges US to Cancel Unilateral Tariffs After Supreme Court Ruling
Following a Supreme Court ruling limiting Trump’s tariff authority, the US imposed new 15% global duties lasting 150 days, prompting China to demand their removal.
- On Monday, China urged the United States to cancel unilateral tariffs announced by President Donald Trump, with China's commerce ministry conducting a comprehensive assessment and calling on Washington to lift the tariffs.
- Six to three, the court limited the president's tariff authority, ruling Trump wrongly invoked IEEPA to implement broad tariffs on Friday.
- Trump responded over the weekend by imposing and then increasing global duties, first a 10% tariff under Section 122 of the Trade Act of 1974, then raising it to 15%, effective immediately.
- Ahead of a summit with Xi, analysts say the ruling boosts China's leverage as Beijing could press Washington to ease export controls and sanctions while the United States plans trade investigations to maintain tariffs.
- Goldman Sachs noted a roughly 5% net tariff reduction, and Global Trade Alert named China among top winners under Section 122, with Dan Wang saying `It limits Trump's ability to deploy tariffs at will, reduces pressure on Beijing to expand soybean purchases or ease rare earth access, and gives China leverage to push for the removal of the remaining 10% tariffs linked to fentanyl.
50 Articles
50 Articles
The U.S. Supreme Court has declared the tariffs imposed by President Donald Trump on the basis of an emergency law illegal. Trump then issued new tariffs of ten percent by decree, on the basis of a trade law, and announced an increase to 15 percent. These levies can apply for 150 days and can only be extended with Congress approval.
The biggest loser from Trump’s new tariffs could be Britain
Britain's preferential trade deal with the US faces a setback. A Supreme Court decision means global tariffs could rise. UK businesses may now face higher duties on exports to America. This could cost British companies billions. Officials are seeking an exemption from the US administration. The situation creates uncertainty for many firms.
After the Supreme Court's ruling, he used another law to introduce 15 percent new ones, and he doesn't intend to stop here.
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