Will the world be excited? The problems of many countries will increase! Trump still has a ‘Brahmastra…
- Trump still has a ‘Brahmastra?
- What is the effect of the decision of the Supreme Court?
- Will Article 301 become Trump’s brahmastra?
Trump Tariff Power new trade war: US President Donald Trump is always known for his harsh and sudden decisions. Trump has always been seen taking an aggressive stance, especially when it comes to imposing taxes on other countries. But, a recent decision by the US Supreme Court has blunted the edge of Trump’s biggest and most dangerous weapon. So now Trump cannot impose economic pressure on any country by imposing huge taxes overnight. The Supreme Court has banned arbitrary powers under the International Emergency Economic Powers Act (IEEPA). But Trump still has the ‘Brahmastra’ to impose taxes, but now his way will be through legal complications and lengthy paperwork.
Important news for those traveling on the highway! Government’s new plan from April 1, ‘this’ rules will change at toll booths!
A political weapon has been seized
Trump has always used the IEEPA as an infallible weapon. Using this, Trump imposed heavy taxes ranging from 10 to 50 percent on any country without any restrictions, without lengthy procedures. Their aim behind this was not only economic but many times also for pure political self-interest. Be it threatening European countries over the issue of Greenland, or pressuring the Brazilian government in support of former Brazilian President Jair Bolsonaro, or punishing Canada for importing electric vehicles from China, Trump has used this law everywhere at his convenience.
What is the effect of the decision of the Supreme Court?
This way of ‘political blackmailing’ has been closed to a large extent by the decision of the Supreme Court. Michael Froman, president of the Council on Foreign Relations, explained that the US president will not be able to use tariffs at will for revenge or political bullying.
Trump’s ‘Plan B’ ready?
Following the court’s decision, the Trump administration immediately began working on a “Plan B”. As an immediate relief, he invoked Section 122 of the Trade Act of 1974. Under this, Trump has signed an executive order imposing 10 percent global tariffs on imports from around the world. This rule allows the President to impose a maximum duty of 15 percent for 150 days without any lengthy inquiry. US Treasury Secretary Scott Besant says that despite the new rules, tariff revenue will remain the same in 2026, but the enforcement process will be a bit more complicated. This 150 day rule will only act as a bridge. The pressure on trading partners will continue until the government comes up with a definitive and legally binding solution.
Article 301 will become Trump’s brahmastra?
The biggest problem with the new strategy is that taking action under Article 301 is not easy. This requires going through a lengthy, formal investigation process. Evidence has to be collected, legal basis has to be determined and public opinion has to be taken. This lengthy process can take up to a year. The change comes as a relief to international companies and businessmen. Now instead of a sudden shock in the business, now there will be a definite process. This will bring transparency and stability in the market. That is, the Supreme Court has not completely taken away Trump’s authority to impose tariffs, but has kept them within legal limits.
Big rise in gold and silver prices; Blasted by Trump Tariffs!, Check New Rates in Your City…
Comments are closed.