Trump’s trade agenda shaken by Supreme Court’s strictness on tariffs, US President said – we have a backup plan

New Delhi : The US Supreme Court, in a six-three decision, declared President Trump’s tariffs illegal, the court said that the comprehensive tariffs imposed under emergency powers were beyond their authority, this decision is being considered a big blow to Trump’s trade policy, political debate has intensified after the decision, questions have been raised on the strategy of the Trump administration, discussion about this decision has also increased in the markets, many experts are considering it as a decision that limits the powers.

What is Trump’s backup plan?

Let us tell you that after the court’s decision, President Trump called it disappointing. He said that the administration has a backup plan ready, Trump indicated in the White House briefing that the policy will continue, the administration is working on alternative legal paths, economic advisors have also confirmed this, they say that a change in trade policy can be seen soon, from this it is clear that the tariff policy will not end completely.

What did the court say in the decision?

Chief Justice John Roberts clarified in the decision that the IEEPA law does not give the President the right to impose tariffs, the Court said that import control and tariffs are separate subjects, this decision strengthens the role of Congress, the Court upheld the decision of the lower court, it sets the limits of the executive, legal experts are calling it a historic decision, it can impact future policies.

How much impact on trade policy?

Tariffs have been an important part of Trump’s economic strategy, he has used them as a tool of pressure and negotiation, the decision has started a discussion about the impact on global trade, many countries are hoping for relief, but the future of the policy is not yet clear, there is a possibility of using alternative laws, this may continue trade tensions.

The meaning of Hassett’s statement?

White House economist Kevin Hassett had already talked about a backup plan, saying that the administration could use alternative powers, he expressed confidence that the policy could be implemented quickly, this statement was made before the court’s decision, this indicates the preparation of the administration, the economic team is actively exploring options, a rapid change in policy is considered possible.

Impact on the global economy?

Discussion on the global economic impact of the court’s decision has increased, changes in the tariff policy can affect the markets, the strategy of trading partners can change, investors are eyeing the future decisions, experts are calling it a period of uncertainty, its impact on the global trade balance can be seen, economic indicators will be important in the coming times, now the biggest question is what next step will the Trump administration take, everyone is eyeing the strategy of the backup plan, the role of Congress and the judiciary will also be important, a new chapter can begin in trade policy. There will be caution in international markets, experts believe that this dispute may continue for a long time, the upcoming decisions will decide the direction of global trade.