"By a six-to-three vote, the court had ruled that it was unconstitutional for Trump to unilaterally set and change tariffs, because the power to tax lies with the US Congress. The court's decision struck down tariffs that Trump had imposed on nearly every country using an emergency powers law, known as the International Emergency Economic Powers Act (IEEPA). Trump railed against the majority justices as fools and lapdogs in a news conference after the ruling, calling them an embarrassment to their families."
"He quickly signed an executive order resting on a different statute, Section 122 of the Trade Act of 1974 to impose the blanket 10 percent tariff, starting on Tuesday. The 15 percent hike announced on Saturday is the highest rate allowed under that law. However, those tariffs are limited to 150 days unless they are extended by Congress. No president has previously invoked Section 122, and its use could lead to further legal challenges."
President Donald Trump increased global tariffs from 10 to 15 percent effective immediately. The Supreme Court ruled 6-3 that unilateral presidential tariff-setting under the International Emergency Economic Powers Act (IEEPA) is unconstitutional because taxing power lies with Congress. Businesses and governments are seeking repayment of an estimated $133bn that Washington has already collected. Trump invoked Section 122 of the Trade Act of 1974 to reimpose tariffs, with 15 percent the maximum allowed under that statute. Those tariffs expire after 150 days unless Congress extends them. The White House noted exemptions for critical minerals, metals and energy, and legal challenges are possible.
Read at www.aljazeera.com
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