Trump tariff court ruling does little to end uncertainty for global business (www.theguardian.com)
from MicroWave@lemmy.world to world@lemmy.world on 20 Feb 22:37
https://lemmy.world/post/43387682

British Chambers of Commerce official says US supreme court decision ‘does little to clear the murky waters’

The US supreme court just declared Donald Trump’s boldest tariffs illegal, but international businesses and governments are still uncertain over what’s to come.

After the court said the president cannot enact tariffs in peacetime using the International Emergency Economic Powers Act (IEEPA), the White House said it will quickly replace the levies by other – but potentially more cumbersome – means.

William Bain, head of trade policy at the British Chambers of Commerce, said that while the decision “gives clarity on the president’s executive powers to raise tariffs, it does little to clear the murky waters for business”.

The court ruling applies only to the IEEPA and not other trade policy tools at Trump’s disposal.

#world