The Indian government has issued a statement regarding the decision related to tariffs given by the US Supreme Court on Friday. It has been said that India is closely studying the development and impact of that decision of the US Supreme Court. The Supreme Court of America canceled the decision of US President Donald Trump in which he has imposed heavy tariffs on the countries of the world.
On this entire issue, Commerce Minister Piyush Goyal said that we paid attention to the US Supreme Court’s decision on tariffs yesterday. The President there has also held a press conference on this issue. Besides, the administration there has also taken some decisions. We are studying this carefully.
What did Union Minister Prahlad Joshi say?
On the decision of the US court, Union Minister Prahlad Joshi said that the Indian government will study the recent decision of the court regarding tariffs. Commerce Minister Piyush Goyal and Foreign Minister S Jaishankar are looking into this matter.
Talking to journalists, the Union Minister said that I read in the media that the top court of America has issued an order in this matter. The Government of India will study it. If any kind of response needs to be given, it will be given. The Ministry of Commerce and the Ministry of External Affairs are looking into this matter. He has refused to comment on this in any way.
What decision did the Supreme Court of America give?
The US Supreme Court on Friday declared Trump’s tariffs illegal. There were six judges in favor of this decision, while three were against it. It says that the Trump administration has used the International Emergency Economic Powers Act (IEEPA) enacted in 1977, as well as misused its powers by imposing heavy import tariffs.
This decision has been given by America’s Chief Justice John Roberts along with Justice Neil Gorsuch, Amy Coney Barrett and three liberal judges. It says that IEEPA does not allow the President to impose tariffs. This power has been constitutionally given to Congress.
Trump criticized the decision of the US Supreme Court
The decision of the Supreme Court has been criticized by the US President. He has said that this is a very bad decision. Apart from this, Trump has announced to impose 10 percent global tariff under Section 122 of the Trade Act of 1974. It allows temporary import surcharge for up to 150 days.
