US tariff policy ‘hasn’t changed’ despite supreme court ruling, trade chief says
The Guardian • • nation
Key Points:
- Top US trade negotiator Jamieson Greer affirmed the Trump administration's commitment to maintaining its tariffs policy despite the Supreme Court ruling declaring many of Trump's tariffs illegal, emphasizing continuity for business understanding.
- The Supreme Court ruled 6-3 that the 1977 emergency powers law did not authorize most of the tariffs, stating that Congress holds the authority to enact tariffs during peacetime, which was a significant setback to Trump's trade agenda.
- In response, Trump announced a new 15% global tariff under a different legal statute (Section 122 of the 1974 Trade Act), distinct from previous bilateral agreements, which the administration insists it will uphold.
- China criticized the tariffs and warned against protectionism, while India delayed a trade delegation
