"The U.S. Supreme Court struck down the tariffs Trump implemented using a 1977 law called the International Emergency Economic Powers Act (IEEPA). That law gives the U.S. commander-in-chief broad powers in the case of a "national emergency" and an "unusual and extraordinary threat." The Trump administration used a part of that act, the ability to "regulate" imports, to impose a swath of tariffs on Canada, Mexico and countries around the globe."
"In Canada's case, Trump argued that a "flood of fentanyl and other illicit drugs across our northern border" constituted a national emergency requiring a response. The president said he would use IEEPA to hit all Canadian goods with a 25 per cent levy, though that was later walked back and only applied on goods that didn't comply with provisions of the Canada-United-States-Mexico Agreement (CUSMA). That levy was put in place in March and then boosted to 35 per cent in the summer."
"The U.S. Supreme Court struck down a number of tariffs that President Donald Trump has imposed since he returned to the White House. While Friday's decision removes some tariffs on Canada, others still remain in place. Trump has also promised to slap a 10 per cent global tariff to replace the ones that the court invalidated. Here's what we know about the court's decision, Trump's latest threat and how all of it will impact Canada."
The U.S. Supreme Court struck down tariffs that President Trump imposed using the International Emergency Economic Powers Act (IEEPA). IEEPA grants the president broad powers during a national emergency and to regulate imports. The Trump administration applied IEEPA to impose levies on Canada, citing a flood of fentanyl and other illicit drugs, initially proposing a 25% levy and later applying a 35% rate to goods not complying with CUSMA. Trump also used IEEPA to impose global "liberation day" tariffs excluding Canada and Mexico, justified by trade deficits. The court invalidated all those tariffs.
Read at www.cbc.ca
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