An American court blocked the mutual duties of Donald Trump. Calling them illegalthe three judges of the US Court of Internal Trade have established that the law invoked by the president to impose the rates does not give him the authority to do it. The wrath of the White House is immediate.
First the deputy head of the staff of the White House Stephen Miller spoke of an “out of control judicial coup”, then a spokesman for Pennsylvania Avenue denounced the decision. “It is not up to unleaded judges to decide how to adequately face a national emergency – he said -. President Trump undertaken to put America in first place and the administration undertakes to use any leverage of executive power to face this crisis and restore the greatness of America”.
The Trump Administration has already announced that it will appeal to turn up to the three judges, one of which is appointed by Barack Obama, one by Ronald Reagan and one by Trump himself. It is not excluded that the case can arrive Supreme Court, leaving the essays a decision with large implications for the world economy.
The US Court of International Trade, pronouncing on two distinct cases, issued a sentence that canceled the duties imposed by Trump pursuant to the Internazional Emergency Economic Powers Act, a 1977 law never invoked first on the rates. “In the two cases the question submitted to the Court is if the International Emergency Economic Power Act of 1997 delegates the President in the form of authority the power to impose unlimited duties on goods from almost all countries in the world.
The Court does not interpret “The Law of 1977” as an act that confers this unlimited authority and cancels the contested duties imposed on its base “, reads the decision contained in 50 pages that puts wings to the future of Wall Street and the dollar. For Trump what is established by the court is a guiding blow on a theme, that of the duties, which is particularly at heart and does not want to joke.
Accustomed to giving nicknames to everyone, Trump was irritated for what has been given to him by a financial Times journalist, who called him ‘Taco Trade’, an acronym for ‘Trump Always Chickens Out’, or Trump always goes back to reference to his tie and gives up on the duties between announcements and pauses. To those who asked him for a comment, Trump cut short: “They are called negotiations”.