US EditionChina Urges US to Cancel Unilateral Tariffs After Supreme Court Ruling
China called on the U.S. to lift tariffs after the Supreme Court invalidated many Trump-era measures, warning that unilateral tariffs harm both countries and global trade cooperation.
- 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.
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112 Articles
Analysis by John Liu, CNN: The Supreme Court ruling that struck down US President Donald Trump's global tariffs has created renewed uncertainty for many of his major trading partners and a clear vindication for his biggest economic rival: China. The rebuke to the US president's trade agenda comes weeks before Trump is scheduled to meet with Chinese leader Xi Jinping at a three-day summit in Beijing to discuss high-priority issues such as trade, …
The Supreme Court ruling that struck down US President Donald Trump's global tariffs has renewed uncertainty for many of America's trading partners.
Associated Press News
Supreme Court ruling against Trump's tariffs is unlikely to mean an end to trade policy chaos
The Supreme Court’s stunning rebuke of President Donald Trump’s most sweeping tariffs means he can’t conjure up new import taxes on a whim anymore.
Johnson throws cold water on Congress stepping in to codify Trump's tariffs
House Speaker Mike Johnson (R-LA) tempered expectations on Monday that Congress would step in to codify President Donald Trump‘s tariffs after the Supreme Court struck down a majority of those levied against numerous trade partners on Friday. Johnson told reporters he thinks it would be difficult to agree on a way forward for tariffs, as the speaker navigates a razor-thin majority, and several House Republicans have already proved they will vote…
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