Feb 20 โ€ข 07:12 UTC ๐Ÿ‡ฑ๐Ÿ‡น Lithuania Lrytas

D. Trump: as president, I have the right to impose tariffs

Donald Trump asserted his presidential authority to impose tariffs on countries citing national security concerns during an event in Georgia.

During a recent event in Rome, Georgia, Donald Trump emphasized his belief that he, as President, has the authority to impose tariffs for reasons of national security. Trump criticized what he described as a trade imbalance that has negatively affected the U.S. economy, warning that without the ability to levy tariffs, serious economic threats could arise. He has implemented tariffs on various countries since the beginning of his second presidential term, raising concerns among experts that this could lead to higher prices for consumers as businesses pass on the cost of tariffs.

Trump expressed frustration about the lengthy process awaiting a Supreme Court decision on whether he can invoke the International Emergency Economic Powers Act to impose these tariffs on dozens of trading partners. This act, passed in 1977, allows the president to declare a national emergency and use extraordinary economic powers during such times. The outcome of this legal decision, expected imminently, holds significant implications for Trump's trade policies and his administration's approach to foreign economic relations.

The conversation surrounding tariffs and trade practices remains contentious in the United States, drawing differing opinions from political leaders, economists, and the general public. As Trump continues to push for these economic measures, the potential impact on both domestic consumers and international trading relationships suggests that the upcoming Supreme Court ruling could be pivotal for his administration and for U.S. trade policy as a whole.

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