Money and business
What will happen after the ruling on the illegality of American customs duties?
You spent The Court of Appeal Federalism, on Friday, that most of the customs duties imposed by President Donald Trump represented a transgression of his presidential powers, so that this ruling joins a similar ruling issued by the International Commerce Court last May to nullify Trump’s arguments to impose fees. The case to the US Supreme Court.
Why will this ruling lead to a crisis?" target ="_Blank"> Economy , with indirect effects on global markets. For example, if the Supreme Court cancel the decision of the Federal Appeal Court and sides to the Trump administration, this may constitute a precedent that encourages Trump to escalate his customs fees more aggressively than he did so far." target ="_Blank"> Financial markets . There will be questions about whether the United States will have to return the billions of dollars that it raised through taxes on imported goods. Other trade agreements may also falter in negotiation. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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