Trump-Zölle liked: Court top for trade in phantom islands!

Trump-Zölle liked: Court top for trade in phantom islands!

Heard und McDonaldinseln, Indischer Ozean - A New York Federal Supreme Court recently declared the tariffs imposed by President Donald Trump to the Heard and McDonald Islands in the Indian Ocean. These tariffs, which seemed absurd ten percent taxes to imaginary exports from these inhospitable areas, were initially lifted on the basis of the judicial decision. Experts indicate that the collection of such import taxes is only in the area of ​​responsibility of the congress, which the judges confirmed by Ronald Reagan, Barack Obama and Trump. Trump’s advisor Steven Miller described the judgment as the “coup of state of the judiciary”, while the president's lawyers have already obtained an objection, which could lead to a potential dispute over the Supreme Court.

The importance of this decision extends far beyond the tariffs to the Heard and McDonald Islands. Experts warn of exaggerated euphoria and disagree whether these tariffs will actually disappear completely. The tariffs on steel and cars that are raised at 25 percent remain in force. In addition, the current situation shows the challenges that the US economy faces, especially in a global context in which the United States rely on competitiveness towards countries such as China.

consequences for international trade

The court's decision could also have an impact on the reciprocal tariffs of the United States and the threatened 20 percent tariffs for Canada and Mexico. Trump's original threat of increasing tariffs to all goods to the EU to 20 percent was temporarily reduced to ten percent, while possible increases are exposed to July 9th and negotiations on a "deal" take place. These uncertainties burden companies that export to the USA. In particular, the EU Auto industry, which exported 2023 vehicles worth 34 billion euros to the USA, is concerned about potential foreskin increases that could exert considerable pressure on the trade balance with the USA.

Ursula von der Leyen has already announced a determined reaction to possible US tariffs. In order to maintain its competitiveness, the EU could either raise its own tariffs on steel and aluminum or impose targeted tariffs on products with a high economic effect in republican US states. However, experts warn that such tariffs could not only burden the US economy, but also bring considerable costs for the EU. The EU economy could lose up to 180 billion euros through tariffs.

economic considerations

The discussion about tariffs and its effects on international trade is complex. While the US tariffs on imports from Canada and Mexico were increased to 25 percent, similar customs increases for the EU initially failed to materialize. American tariffs are generally lower than European, which favors US export economy. Instead, the EU has introduced extra oils on electric cars from China to protect its auto industry since October 2024.

A general high customs could cause annual damage to Europe in the three -digit billions of billions, which could endanger the economic stability of the region. According to the Kiel Institute for the global economy, GDP could decrease by around 0.5 percent if the US tariffs come into force. These developments are highlighting the challenge for the EU, finding the balance between protecting your own markets and the need for international cooperation.

Overall, the current situation shows that tariffs not only serve as protective measures for domestic industries, but can also have long -term negative effects on economic relationships and global trade structure. The example of the tariffs on the Heard and McDonald Islands underlines how complex and complex such economic decisions can be in international politics.