US EditionU.S. Supreme Court Agaion Delays Ruling on Trump’s Tariffs
The Supreme Court postponed a ruling on the legality of Trump’s tariffs under the 1977 International Emergency Economic Powers Act amid ongoing legal challenges.
- On Jan. 14 the U.S. Supreme Court did not issue a ruling on the legality of President Donald Trump's `reciprocal` tariffs, leaving the matter unresolved; it announced decisions in three other cases but could schedule more opinions around Jan. 20.
- Legal challenges focus on the International Emergency Economic Powers Act of 1977, with Nov. 5 arguments showing the court appeared skeptical and a federal appeals court ruling the tariffs exceeded presidential authority.
- The administration's tariffs target Korean products with 15 percent duties tied to Seoul's $350 billion pledge, while consumer stocks including Lululemon Athletica Inc. and Mattel Inc. fell on the lack of a ruling.
- The decision carries heavy financial and political consequences, as a ruling against President Donald Trump could open the way for more than $130 billion in refunds and mark his biggest legal defeat since returning to the White House.
- Beyond the court fight, the policy aimed to reshape U.S. trade and manufacturing goals as April 2 `Liberation Day` tariffs imposed 10%-50% levies on imports from Canada, Mexico and China to curtail trade deficits and attract foreign investment.
28 Articles
28 Articles
Supreme Court's Delay In Tariff Ruling A Sign Of Potential Victory For Trump? - Costco Wholesale (NASDAQ:COST)
The Supreme Court’s delay in delivering a verdict on the use of emergency powers to implement tariffs under the International Emergency Economic Powers Act (IEEPA) could be a sign of a favorable outcome for President Donald Trump, according to JPMorgan analysts. For a second time, the Supreme Court declined to rule on the legality of Trump's tariffs on Wednesday, and did not set a date for a future decision. In a note to clients, the analysts, A…
The U.S. Supreme Court of Justice again put the issue in abeyance.This week it decided not to resolve the case yet that will define whether President Donald Trump can impose wide-ranging tariffs under IEEPA (International Emergency Economic Powers Act). Postponement is not a mere procedural procedure: it implies that, while ministers deliberate, the global economy continues to operate under a levy scheme that could disappear abruptly.The figures…
Trump's threats against Greenland and Iran are ruining the buying mood of US investors. Inflation remains high and the banking sector is unluckily entering the balance sheet season. The Supreme Court continues to wait for its ruling on tariffs.
Despite the expectation that the U.S. Supreme Court would issue on Wednesday its expected ruling on the legality of the tariffs imposed by President Donald Trump on most countries of the world, the highest court did not rule on the matter.Although the definition was not specifically scheduled for today, since during this day the Supreme Court would review a number of cases, it was hoped that a resolution could be made.Even yesterday on its accou…
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