Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, Feb. 20 (Xinhua) — The U.S. Supreme Court on Friday ruled that massive tariffs imposed by President Donald Trump under a law intended to be used for emergency purposes are illegal.
In a 6-3 decision, the US Supreme Court ruled that the tariff policy under the International Emergency Economic Powers Act (IEEPA) was unconstitutional. Consequently, the global tariffs imposed by Donald Trump in April of last year were officially repealed.
The judges ruled that under the IEEPA, the president lacks the authority to impose tariffs on goods from almost all U.S. trading partners.
The vote confirmed that the power to impose tariffs rests with the US Congress, not the president.
Local media reported on Friday that the decision is expected to impact global trade, business activity, inflation, and the financial situation of all US citizens. –0–
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