SOURCE :- THE AGE NEWS
Trump’s 6-3 majority ruling was made on Friday morning ( Washington time ), indicating that he had overstepped his authority as president. The majority of the time it was determined that the US Constitution’s drafting gave” Congress only” the authority to impose levies during the war.
The majority of the court heard that when Congress delegated its tax powers, they did so in obvious terms and with strict limitations.
The government reads the emergency powers laws to give the president the authority to formally impose infinite tariffs and change them at will in light of obvious and limited delegations. That viewpoint may lead to a radical expansion of the president’s authority over tariff policies.
It is also interesting that in the first half of the [that law’s ] existence, no president has invoked the statute to impose any taxes, let alone levies of this scale and reach.
The American government fought against a 10 % tariff, which was essentially the lowest price Trump applied to any country, on American imports to the US. At the time, Prime Minister Anthony Albanese claimed that it was” not the act of a friend.”
Trump claimed in a Truth Social post next month that if the jury determined the taxes were unconstitutional, it would take ages to figure out how to pay them. He claimed that businesses and nations would need “payback” for their US assets in order to avoid his tariffs.
When these opportunities are added, we are talking about trillions of dollars! Trump said last month,” It would be a complete mess and nearly impossible for our nation to give.”
It may not be feasible, but if it were, it would take many years to figure out what range to talk about and also who, when, and where to give.
The administration has previously argued that it can re-establish the price mosaic using rules other than those that the Supreme Court rejected.
Meetings were held to examine other legitimate ways to copy the government’s global tariff agreements, which could begin right away, according to National Economic Council director Kevin Hassett.
We know that we have other tools available to us that could help us get to the same place, according to Hassett, who last last spoke to CNBC television next month.” Our expectation is that we’re going to succeed, and if we don’t win, next we know that we’re going to have additional tools that we could use.”
More to occur.
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The Age and Sydney Morning Herald’s North American journalist, Michael Koziol, is in charge of reporting from the United States. He was formerly a writer for the Sun-Herald, a deputy editor for Sydney, and a national political reporter for Canberra. Use X or contact to join.
