Customs chaos under Trump: Radical measures!

Customs chaos under Trump: Radical measures!

A controversial court ruling recently questioned the legal foundations of Donald Trump's tariffs on imported goods in the USA. A court in New York decided that the tariffs introduced by Trump are illegal according to the International Emergency Economic Powers Act (IEPA). This decision, which affect the base tariffs of 10% and the "reciprocal" tariffs, could have far -reaching consequences for the US trade relationships with other countries. The court also made it clear that Trump exceeded his powers, which further heated up the uncertainty in the markets Welt and Tagesschau .

Although the Court of Appeal put the tariffs back into force until a final decision is made, the judges are making a strong sign against Trump's previous customs practices. The immediate objection of the US government could lead to the case that ultimately ends up at the Supreme Court. The government's lawyers emphasize that they are determined to continue to use the executive power Tagesschau .

reactions and consequences of the decision

The White House reacted immediately and criticized the "activist judges". Trump's spokeswoman said that the president continued to have other options for the introduction of tariffs. However, observers like George Saravelos from Deutsche Bank warn that Trump still has enough executive powers to enforce a customs agenda. Meanwhile, the uncertainty for the economy remains high .

The decision of the court also has international effects. Bernd Lange, the chairman of the trade committee in the EU Parliament, was optimistic that the judgment strengthens the position of the EU. A Filipino diplomat noted that the pressure on other countries to bend the US demands was reduced Welt .

global reactions and trade dynamics

The international community reacts mixed to US customs policy. Some countries take direct retaliation, while others try to maintain the dialogue. The EU emphasizes the necessity of a regular trading system and prepares the US tariffs further countermeasures. In view of the emerging crisis situation, the world trade organization (WTO) has also increased pressure to show the ability to act Industrial Magazine .

In the long term, a fragmentation of the global trading system threatens, which could result in negative effects on growth, stability and political cooperation. South Korea and Japan are already working to reduce their dependence on the US market by increasingly investing in their domestic industries Industrial Magazine .