The Globe and Mail reports in its Saturday, Feb. 21, edition that President Donald Trump plans to respond with new tariffs after the U.S. Supreme Court ruled 6-3 that he acted illegally by using emergency powers to impose tariffs last year. The Globe's Mark Rendell and Adrian Morrow write that this ruling, however, does not signify the end of tariffs.
The decision excludes sectoral tariffs on steel, aluminum, automobiles and lumber, which harm Canadian trade. Mr. Trump announced plans for a new 10-per-cent global tariff using different legislation and other legal tools to reinforce his tariff wall.
In a fiery press conference, Mr. Trump attacked the six judges who voted against him, calling them "a disgrace to our nation."
The Supreme Court decision focuses on duties that were imposed using the International Emergency Economic Powers Act, or IEEPA. These include "fentanyl tariffs" imposed on Canada, Mexico and China, and the "Liberation Day" or "reciprocal" tariffs placed on the rest of the world.
IEEPA allows the President to take extraordinary steps to regulate international commerce after declaring a national emergency. A key question now is what happens to the tariff money already collected.
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