During the morning of this Thursday, April 30, Los Angeles Times, one of the largest daily metropolitan newspapers and influential of the USAreported that the American president donald trump proposes new taxes on imports to replace tariffs that were rejected by the Supreme Court.
Faced with this scenario, the 79-year-old Republican president plans to impose new temporary taxes at imports Americans, after a series of duty was rejected by the judges of the Supreme Court of the United States the past Saturday February 28 and harmed President Donald Trump’s strategy.
According to what was stated by LA Timesfor now these temporary taxes would expire in less than three monthsand President Donald Trump’s Republican administration is seeking to establish longer-lasting tariffs to keep revenue flowing to the Treasury Department, the person in charge of managing national finances.
Therefore, the Office of the Trade Representative will begin hearings next Monday May 4in two separate investigations, which are expected to lead to a new round of taxeswhich are paid by importers in the United States and passed on to consumers through higher prices.
More challenges in court
According to the American television network Telemundoon this occasion the new tariff impulse of President Donald Trump could face more challenges in the courts of the United States. However, it is expected to prove stronger than the previous tariff package rejected by the Supreme Court.
In the first hearing it will be determined whether 60 economies, including Nigeria and Norwaywhich account for a high percentage of US imports, do enough to ban trade in labor-made products forcedsuch as clothing, textiles, footwear, electronics, sugar cane, coffee, cocoa, diamonds and bricks.
“For too long, American workers and businesses found themselves forced to compete against foreign producers who may have an artificial cost advantage gained from the scourge of hard labor“, stated in a statement the trade representative of the United States, Jamieson Greer.
Later, according to the chain cnnon Tuesday, May 5, the US Government will hold hearings to determine whether 16 US trading partners, including China and Japan, are overproducing goods, driving down prices and putting U.S. manufacturers in disadvantage in front of the European Union.
The rejection of tariffs
Last Friday, February 27, the Supreme Court of the United States, the federal court that holds the highest judicial power in the country, ruled that President Donald Trump had exceeded in his authority by invoking the International Emergency Economic Powers Act to impose tariffs on almost all nations.
Given the circumstances, since the levies contributed a lot of income (US$166 billion) before the Supreme Court stopped them, now the federal government of the Republican president must reimburse money to all the importers who paid those taxes, since the Powers law cannot be used to impose duty.