US Supreme Court Ruling On Tariffs, 10% Global Levy And Trade Relations With India

Описание: A speaker discusses the implications of a recent United States Supreme Court ruling regarding trade tariffs and national security authorities. The speaker expresses disappointment with certain members of the court while praising Justices Thomas, Alito, and Kavanaugh for their dissenting opinions. A key announcement includes the signing of an order to impose a 10% global tariff under Section 122, which will be applied in addition to existing normal tariffs. The transcript highlights that all national security tariffs under Section 232 and Section 301 will remain in full force. Regarding India, the speaker describes Prime Minister Narendra Modi as a 'great gentleman' but asserts that previous trade arrangements were unfair to the United States. The speaker claims a new deal has been established where India pays tariffs, reversing the previous trend. Furthermore, the speaker notes that the court's decision confirms the executive's ability to block, embargo, or restrict trade under the International Emergency Economic Powers Act (IEEPA) to protect the country from unfair trading practices.

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