Trump will not stop even after getting a shock from the Supreme Court; he has come out with Plan-B for tariffs, know how he will impose heavy taxes on the world now
News India Live, Digital Desk: After the US Supreme Court declared ‘Global Tariff’ unconstitutional, it seemed that President Donald Trump’s hands were tied. But the reality is the opposite. Legal experts and White House sources believe that Trump is not going to back down from this defeat. He has now prepared ‘Plan-B’ to implement the tariffs, which can advance his tax agenda despite the court order. What is the meaning of the Supreme Court’s decision? The Supreme Court has canceled the tax imposed under the ‘Emergency Act’ of 1977 (IEEPA) used by Trump. But there are many other avenues in the American law books which the President can use directly: Section 232: Under this law, the President can impose import duty on any goods citing ‘national security’. For this they do not need permission from the court. Section 301: If America feels that a country is doing unfair trade practices, then the President can impose punitive tariffs against that country. Congressional Support: Trump’s Republican Party has a majority in the Parliament (Congress). They can make the tariffs legal by passing a new law. Why is Trump’s ‘tariff war’ dangerous? Donald Trump believes that imposing taxes on imported goods will benefit American factories. However, experts say that if Trump adopts other paths, then: Global Trade War: India, China and European countries can retaliate. Danger of inflation: Due to costlier foreign goods in America itself, the burden on the general public will increase. Stock market turmoil: Due to uncertainty, there can be a huge fall in the global market. Will India be affected? If Trump uses Section 232 or 301 under ‘Plan-B’, then India’s This can have a direct impact on steel, aluminum and IT sectors. Trump has already called India the ‘tariff king’, so he can target the goods coming from India. According to sources, Trump’s legal team is already preparing new executive orders. In the coming weeks, the Trump administration will try to prove that imported goods are a threat to American security so that new taxes can be imposed using old laws.
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