Does Trump’s Supreme Court give new financial powers?

Trump commercial fees are concerned by the world

The issue of constitutional powers in the United States is escalating again with the Supreme Court entering the conflict line on customs decisions that sparked widespread controversy. The country finds itself in front of a sensitive test that affects the historical balance between the President’s powers and the Congress in managing the major economic files.

The controversy this time turns beyond numbers and tax procedures, to ask fundamental questions about the limits of executive influence in the face of the legislative. The court, which considers a dispute over specific fees, is centered on its upcoming decision on a broader explanation for the concept of “emergency” and its role in reformulating financial powers that have existed for decades.

These developments are reflected in the atmosphere of markets and politics together, in light of the internal and external anticipation of a decision that may draw the features of the next stage. The expected judgment not only carries economic repercussions, but also may reshape the rules of the game between the authorities in the heart of the American system.

In this context, a report by “Wall Street Journal” indicates that the Supreme Court agreed to hear President Trump’s appeal on a minimal court ruling against his customs duties, but “its decision may exceed just the fees imposed by Trump in April.”

According to the report, if the court supported Trump, this may give the president wide financial powers that were for a long time of Congress. The president may be able, once in a state of emergency, an emergency of a foreign nature, to justify almost any tax procedure in response: not only customs duties, but also other taxes.

Trump officials claim in court, and in public, the aforementioned customs duties are targeted and temporary. “These customs duties are far from being permanent, and they even end with the end of the emergency.”

But this is not what Trump envisions himself, nor the rest of the administration. Trump has stated that customs duties may replace income taxes, to become the main source of Treasury’s revenues, as it was before 1913.

Last week, his budget office expected that customs duties would receive $ 3.9 trillion, equivalent to 1 percent of GDP during the next decade. This is undoubtedly fixed.

Trump’s character

The head of the World Markets Department at Cedra Markets, Joe Yarq, told Sky News Arabia:

• “US President Donald Trump, with his personality and policies, does not need the Supreme Court to impose the customs duties he desires.”
• American law gives him the right to impose some fees unilaterally without referring to Congress, which is what he had repeatedly done during his presidency, whether towards China or other countries.
• But if the Supreme Court refuses to request the cancellation of these customs duties, and Trump won this file, this will give it a great moral payment, and strengthens its position with higher hand in terms of economic and financial policies.
• Then he will be able to implement his financial agenda he seeks, and to impose his republican orientations without the need to wait for additional approvals.

Trump’s commercial agenda

In the context, a report by the New York Times notes that:

• When President Trump revealed his initial list of penal customs recognition in April, he formulated the declaration as a decisive moment in a emerging global trade war, describing him as “the day when America has regained its fate.”
• Five months later, his maneuver may be in danger, after the Supreme Court approved on Tuesday to consider a case of challenging the legality of Trump’s actions.
• His administration is now facing the possibility of losing a powerful tool at the heart of his strategy for a second term, a tool that allowed the president to impose concessions on companies, allies and opponents.
• The same issue relates to Trump’s unconventional exploitation of an economic emergency law dating back to decades to impose customs duties around the world, although the law does not explicitly allow the president to impose taxes on imports.
• Multiple courts have issued rulings against the administration, which prompted them to appeal before US judges in the hope that they would agree to Mr. Trump’s expanded interpretation of his powers.

The report adds: For Trump, who imposed customs duties in an effort to increase revenues, increase manufacturing and pressure countries to conclude favorable deals, any decision on his commercial powers may have severe consequences. The ability to impose unrestricted customs duties is a fundamental matter for its presidency, as it represents a tool for intimidation and intimidation at the same time to achieve a variety of political, economic and diplomatic goals.

The powers of the American President

The head of the financial markets department at FXPro, Michel Salibi, told Sky News Arabia:

• “Considering the current situation constitutionally and legal in the United States, the US constitution gives Congress the authority to regulate foreign trade and the imposition of customs duties.”
• “Over the past decades, Congress has delegated part of these powers to the President under several laws, such as the 1974 trade law, and other legal articles that allow presidents to impose wide customs duties without direct referral to Congress.”
• “Although this matter remained a local and constitutional existing, the Supreme Court’s approval of President Trump’s position will be dedicated to the fact that these fees fall within the mandate granted to him, which does not give him new powers, but rather expands and proves the interpretation of existing powers under the current laws.”

“In practice, Trump will be able – if the decision comes in his favor – to continue to impose these customs duties or even expand them based on existing legal articles, without the need to agree to Congress every time a modification or expansion of these identifiers is being modified.”

He notes that “constitutionally, I do not see that there is a transfer of new financial powers to the president, but rather a wider confirmation and interpretation of what Congress previously granted.”

Sulaibi concludes by saying: “The Supreme Court does not legislate new laws, but rather explains the extent of the widening or restriction of the powers granted to the president by Congress, and therefore if the court agrees, then this will be a matter of judicial interpretation, not granting additional powers.”

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