Latest news with #CarolineLevitt
Bloomberg
3 days ago
- Business
- Bloomberg
Trump Tariff Ruling Temporarily Paused by Appeals Court
00:00 Yeah, because what was unusual about the city ruling that we got handed down from essentially trade oriented judges last night was that they said the administration had ten days to wind down these tariffs, that they were not going to allow them to stay in effect while the appeals process played out. The administration obviously immediately appealed that. And this appeals court is granting them permission to leave the tariffs in place until there is a final ruling on this. And Caroline Levitt, the White House press secretary, did say today that the administration's view is that the judge's decision last night was judicial overreach, that this administration does have legal authority to use the EPA in this way, and they are willing to take this fight to the Supreme Court, which could, in theory, happen as soon as tomorrow, when it may be up to the nine justices to ultimately hand down the ruling as to whether or not Trump is or is authorized to use these policies in this way and whether or not these tariffs can stay in place on a permanent basis. But this is certainly a win for the administration, at least at this point, knowing that they were feeling quite confident about their legal standing going into this appeals court. Peter Navarro speaking on FOX right now, saying the administration fully expect in favor of a favorable ruling on tariffs, even if this goes to the Supreme Court, They're still other tools in the toolbox, right, to impose tariffs? There absolutely are. So it's just a question of what authority you want to use in the amount of time you want to use to work through that process. So there's section 232, which looks at national security concerns. He's opened those investigations already into areas like pharmaceuticals and semiconductors. They're already in place when it comes to steel and aluminum and automobiles tariffs. There's others in terms of section three or one, which looks at unfair trade practices, investigations that could be launched there as well. And he does have an EPA authority granted to him by Congress in the 1970s. It's just a question of what exactly authorizes an economic emergency or justifies an economic emergency and the use of tariffs in this way. But it really is just a matter of what reasoning the administration wants to use, what process they want to go through. Not necessarily can they implement a tariff, but what grounds do they implement that tariff on? Again, the reciprocal tariffs and the tariffs on fentanyl, we'll be able to stand thanks to this appeals court intervention, at least for now.
Shafaq News
28-01-2025
- Business
- Shafaq News
US tariffs on Canada, Mexico, and China still in effect, White House confirms
Shafaq news/ White House Press Secretary Caroline Levitt confirmed, on Tuesday, that tariffs on Canada, Mexico, and China are still set to take effect next month. Levitt, during her first media briefing, stated that there is no specific date for the imposition of tariffs on steel and copper. President Trump is also considering new tariffs on China, which are scheduled to take effect this Saturday. Last week, President Trump declared he would impose a 25% tariff on Mexico and Canada starting February 1, unless the two countries take steps to address the dual challenges of fentanyl trafficking and immigration to the United States. Trump confirmed during his inauguration that the tariffs are coming, stating that foreign nations will bear the cost of the duties, although these taxes are typically paid by local importers and often passed on to consumers. Canadian Foreign Minister Mélanie Joly said her country will "continue to work to prevent the imposition of tariffs," but emphasized that Canada is also preparing response plans. Meanwhile, Canadian Finance Minister Dominique LeBlanc remarked that Trump could be unpredictable, adding that "they should not be surprised and that Ottawa is fully prepared to respond to any of these scenarios."
