China Urges US to Cancel Unilateral Tariffs After Supreme Court Ruling
Following a Supreme Court ruling limiting Trump’s tariff authority, the US imposed new 15% global duties lasting 150 days, prompting China to demand their removal.
- On Monday, China urged the United States to cancel unilateral tariffs announced by President Donald Trump, with China's commerce ministry conducting a comprehensive assessment and calling on Washington to lift the tariffs.
- Six to three, the court limited the president's tariff authority, ruling Trump wrongly invoked IEEPA to implement broad tariffs on Friday.
- Trump responded over the weekend by imposing and then increasing global duties, first a 10% tariff under Section 122 of the Trade Act of 1974, then raising it to 15%, effective immediately.
- Ahead of a summit with Xi, analysts say the ruling boosts China's leverage as Beijing could press Washington to ease export controls and sanctions while the United States plans trade investigations to maintain tariffs.
- Goldman Sachs noted a roughly 5% net tariff reduction, and Global Trade Alert named China among top winners under Section 122, with Dan Wang saying `It limits Trump's ability to deploy tariffs at will, reduces pressure on Beijing to expand soybean purchases or ease rare earth access, and gives China leverage to push for the removal of the remaining 10% tariffs linked to fentanyl.
18 Articles
18 Articles
China urges U.S. to revoke unilateral tariffs after U.S. Supreme Court ruling
China on Monday called on the United States to cancel its unilateral tariff measures on trade partners after the U.S. Supreme Court ruled that tariffs imposed under emergency powers were unlawful.
China urges US to cancel Trump’s unilateral tariffs after Supreme Court ruling
BEIJING, Feb 23 — China urged the United States today to cancel unilateral tariffs announced by President Donald Trump after the US Supreme Court struck down many of his measures.The court ruled six to three on Friday that Trump does not have the authority to impose tariffs under a 1977 law he has relied on to impose sudden levies on individual countries, upending global trade.Trump reacted furiously, announcing first a new 10 per cent global du…
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