Bloomberg: The US is preparing for scenarios where Trump's tariffs may be ruled illegal

 

New York, November 22 -- TASS

Bloomberg reports, citing sources, that the US administration is seeking alternative action plans to maintain previously implemented import tariffs in case the Supreme Court rules that most of President Donald Trump's tariffs are illegal.

Bloomberg pointed out that the Trump administration hopes to win this case but does not rule out an adverse court ruling. According to the agency's calculation, in such a case, the US would need to refund more than $88 billion in tariffs already collected. However, as one unnamed US official told Bloomberg, regardless of the court's ruling, the tariffs will still remain a key component of Trump's economic agenda.

According to the report, the US Department of Commerce and the Office of the US Trade Representative are developing contingency plans and studying whether provisions of the Trade Act that authorize the president to impose tariffs unilaterally can be invoked. Bloomberg warned that such measures carry risks because they could slow down the tariff collection process, limit Trump's power, and potentially lead to new legal issues.

The White House commented to Bloomberg that it is looking for "new solutions" to continue advancing Trump's trade policies, but refused to disclose details.

This US leader had previously warned that canceling the tariffs he imposed could cost the US over $3 trillion. Trump is convinced that this would pose a real threat to national security and have a destructive impact on the country's future.

After the US Supreme Court held its first hearing on the tariff case on November 5, The Washington Post reported that some judges expressed doubts about its legality. The lawsuit originated from a business group that sued the US authorities, claiming the tariffs were illegal and harmed their company's interests. On August 29, the US Court of Appeals for the District of Columbia Circuit ruled that Trump did not obtain the necessary authorization when announcing many tariffs. The Trump administration requested the Supreme Court to overturn this ruling on September 4.

Original: www.toutiao.com/article/1849535517751305/

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