"Donald Trump has said it would be a complete mess if the US supreme court were to strike down his global trade tariffs. In a lengthy post on social media, the US president said WE'RE SCREWED if the supreme court rules against the tariffs, before the decision, which could come as soon as Wednesday. It is a crucial legal test of his controversial economic strategy and his power."
"In November, the supreme court appeared sceptical of the legal basis of the Trump administration's sweeping global tariff regime when justices questioned the president's authority to impose the levies. Justices heard oral arguments on the legality of Trump's tariffs. The sweeping global tariffs that were first announced by Trump last April are being challenged by small businesses and 12 US states, which argue that the president overstepped his authority in imposing the new levies on goods imports coming into the country."
Donald Trump warned a Supreme Court decision striking down global trade tariffs would create a "complete mess," with refund claims and liability proving extremely difficult to resolve. He said businesses and foreign governments could claim refunds, and determining amounts, recipients and timing could take many years and be almost impossible for the country to pay. The decision could come as soon as Wednesday. The tariffs, first announced last April, face legal challenges from small businesses and a coalition of 12 states. Two lower courts found the president lacked authority after he invoked the International Emergency Economic Powers Act of 1977.
Read at www.theguardian.com
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