Trump's Liberation Day Tariffs Are On Shaky Legal Ground As They Appear To Be A Stealth Consumption Tax - Above the Law
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Trump's Liberation Day Tariffs Are On Shaky Legal Ground As They Appear To Be A Stealth Consumption Tax - Above the Law
"President Donald Trump's signature tariffs are being scrutinized by the Supreme Court after they were struck down by both the Court of International Trade and the Court of Appeals for the Federal Circuit. Many commentators believe a decision could come as soon as the end of the year, and the high court will not uphold the tariffs. But Trump claims that even if he loses, he has other ways to keep the tariffs in place,"
"Since the 1980s, Trump has complained that the rest of the world was taking advantage of the U.S. or even "ripping the country off" through what he thinks are lopsided trade deals. He also said that the North American Free Trade Agreement ratified in 1994 was the worst deal ever made because it led to higher trade deficits with Canada and Mexico. Also, NAFTA resulted in lost U.S. jobs because large businesses moved their manufacturing to Mexico due to that country's cheaper labor costs."
Trump's signature tariffs were struck down by the Court of International Trade and the Federal Circuit and are now before the Supreme Court, with commentators expecting a decision potentially by year-end and predicting the high court will not uphold them. Trump says he could keep tariffs by switching to other legal authorities such as Sections 232 or 301. Trump has long argued that trade deals disadvantaged the United States, criticizing NAFTA for raising deficits and costing manufacturing jobs. In his first term he targeted China and renegotiated NAFTA into USMCA. In a second-term escalation he imposed broad 'Liberation Day' tariffs of 10–50%, exempting few countries.
Read at Above the Law
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