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Washington, Feb 20 (AP) The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a stinging loss on an issue crucial to his economic agenda.
Furious about the defeat, Trump said he will impose a global 10 per cent tariff as an alternative while pressing his trade policies by other means. The new tariffs would come under a law that restricts them to 150 days.
He made that announcement after lashing out at the Supreme Court for striking down much of his sweeping tariff infrastructure as an illegal use of emergency power. Trump said he was “absolutely ashamed” of justices who voted to strike down his tariffs and called the ruling “deeply disappointing.” “Their decision is incorrect,” he said. “But it doesn't matter because we have very powerful alternatives.” (AP) RD RD
Global tariff authority challenged after court invalidated emergency-use tariffs; president plans executive-order, time-limited alternative. A judicial body invalidated a broad presidential program of global tariffs as an unlawful exercise of emergency power, eliminating the administration's primary emergency-based mechanism for imposing unilateral worldwide duties. The president announced intent to use an alternative statutory authority via executive order that would impose time-limited tariffs restricted to 150 days, signaling a shift to a different administrative vehicle for trade measures.Press 'Enter' after typing page number.