Trump, US trade deficit
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The Supreme Court on Friday ruled President Trump exceeded his powers and delared illegal the IEEPA tariffs that were the cornerstone of his deficit fight.
The Sh95.11 billion growth reflects continued imports of Beijing products for infrastructure, manufacturing, and communications networks, amid trade deficit concerns.
But economists and trade experts were quick to point out that Trump’s plan B for his tariff regime also has no legal basis. For the first time ever, the U.S. is invoking Section 122 of the 1974 Trade Act,
US President Donald Trump has said he will increase his worldwide tariff from 10% to 15%, as he continued to rail against a Supreme Court ruling that struck down his previous import taxes. Also on the programme: far right French activists have marched through the city of Lyon after a nationalist student was beaten to death;
President announced increase from 10% using different authority from mechanism that supreme court struck down on Friday