US court finds tariffs imposed by Trump unlawful

The US Supreme Court has ruled that the majority of import tariffs imposed during former President Donald Trump's administration are illegal. This was reported by Zamin.uz.

This decision was made based on court materials. It was revealed that the Trump administration relied on the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad tariffs without Congressional approval.

The court considered this action an overreach of authority. The ruling emphasized that the IEEPA law does not grant the president the right to impose tariffs on nearly all imported goods bypassing Congress.

According to the Constitution and laws, tariff matters must be under Congressional oversight. The decision mainly concerns global and retaliatory tariffs imposed on goods imported from dozens of countries.

These tariffs were initially introduced to reduce trade deficits and to exert pressure on other countries. Additionally, some tariffs imposed under a national emergency basis may also be revoked.

The economic consequences of this ruling are expected to be significant. According to analysts' calculations, importers may seek to reclaim over $175 billion previously collected.

However, this process could be complex, requiring legal procedures and technical calculations. This decision marks an important turning point in US trade policy.

From now on, it will be more difficult for the president alone to impose broad trade restrictions. The White House will need to seek other legal avenues or Congressional support to reinstate tariffs.

This ruling has sparked prolonged debates in trade policy, economics, and the legal field.