US court says Trump tariffs are illegal (Social Media)
International News: The US Federal Appeals Court on Friday gave an important decision, which has raised questions on the economic policies of the Trump administration. The court said in its order that most of the tariffs imposed by the Trump government are not in accordance with legal standards and will be considered illegal. However, the court has not ordered the removal of these tariffs immediately. Keeping in mind the scope of appeal in the Supreme Court, they have been allowed to remain in force till October 14. This move has had a big impact not only on American politics but also on international trade.
This decision has come at a time when the legal dispute over the independence of the US Federal Reserve is also deepening. Experts believe that if this matter reaches the Supreme Court, then the entire economic strategy of the Trump administration can be seriously affected. The ever-increasing legal conflict has posed new challenges to American policymakers.
After the court's decision, President Donald Trump showed a tough stance. He wrote on the social media platform Truth Social that all tariffs will remain in force and this decision of the court is biased. Trump claimed that if the tariffs are removed, America will become economically weak and the American public will have to bear the direct loss. He stressed that these tariffs are very important to maintain America's strength and competitiveness.
The tariffs imposed on India have become the biggest part of this dispute. A 25 percent reciprocal tariff was imposed on India from August 7, which was later doubled to 50 percent. The Trump administration said that this step was taken in response to India buying crude oil from Russia. Along with this, similar tariffs were also imposed on about 70 other countries, which caused a stir in the global trade world.
America's leading investment company, Jefferies, has directly criticized Trump's policy. The company says that such a high tariff imposed on India is more a result of personal resentment than national interest. According to the report, such a move can prove to be detrimental to America's global reputation and trade relations.
This decision of the federal court is a big setback for Trump's economic policy. In the coming days, this matter will go to the Supreme Court, where the final decision will be taken. Till then the tariffs will continue, but many countries, including India, and global companies are eyeing the next chapter of this legal battle.
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