Search
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Supreme Court Decision
The US Supreme Court has invalidated a series of global tariffs imposed by former President Donald Trump, ruling in a 6-3 decision that he exceeded his authority. The court determined that the International Emergency Economic Powers Act (IEEPA) does not grant the president the power to impose tariffs.
## Impact of the Ruling
Trump had used these tariffs extensively as part of his economic strategy, targeting a wide range of US trading partners. The tariffs included measures against countries like Mexico, Canada, and China, citing issues such as unfair trade practices and immigration concerns. However, the court's decision does not affect specific tariffs on imports like steel and aluminum, which were imposed separately.
## Legal Background
The ruling supports previous decisions by lower courts that found Trump's use of IEEPA for imposing tariffs was illegal. A trade court had previously blocked most of these tariffs, but the decision was on hold pending appeal. The Supreme Court's ruling now confirms that Congress did not intend to give the president such tariff-imposing powers under IEEPA.
Leave your details and get a guide as a gift to avoid mistakes
Share article