Which fee of Trump was stopped from the court, which applies, what is the impact of India? This is complete details – Donald Trump Mutual Darif Project was blocked by the court, the full details of how India was affected by NTCPRK

US President Donald Trump’s economic policies have suffered a major setback. A federal court in New York retained Trump’s decision on Wednesday, which is going to impose extensive fees in every country of the world. The three -judge judges of the US International Trade Court said in its judgment that the emergency powers of the 1977 International Emergency Economic Affairs Act (IEEPA) were not given the president’s right to place fees in every country.

The court said that the Constitution of the United States gives a special right to parliament to manage trade with other countries and that this right was not affected by the president’s urgency to protect the US economy.

On April 2, Trump is a country that imposes fees for American goods in every country of the world, and the United States is making the same fee for the goods of those countries.

However, Trump banned fees imposed on countries other than China, Canada and Mexico. Apart from all three countries, only 10% of basic fees were in effect, and the remaining fees were banned.

Considering the trade deficit, Trump announced a recipe rice fee in the world, with a maximum of 50% and at least 10% fee. Trump’s fee announcement led to great uncertainty in global business, and the financial market shaken, which has not yet been recovered. This has led to the fear of inflation and recession worldwide. In these situations, the court has canceled Trump’s fee.

The court does not prohibit these charges

However, the court does not prohibit the Trump administration’s fees imposed on steel aluminum and auto. In the first period, the Trump administration imposed 25% of the steel and 10% of aluminum, and when he came to power again, he operated this fee again.

However, this method of aluminum has increased to 25%. 25%of automobiles are fees. These three fees are involved in every country where business with the United States, and will continue as the court does not ban.

What happens now for Trump’s footsteps?

In April, Trump used the IVA law to impose fees received under his emergency powers. He said the national emergency situation has arisen due to trade inequality. In February, he justified the fee imposed on Canada, Mexico and China using the IPA law.

He said that Canada and Mexico have failed to stop illegal refugees and drugs from the borders of the United States and that they are illegally reaching the United States via China.

The Constitution of the United States gives the power to parliament to fix all the MPs and the fee, and decide how much fees they should take in a country, no matter what party they belong to. Trump used his emergency powers unilaterally outside his jurisdiction.

Trump administration tells about the fee

Within minutes of the court’s verdict, the Trump administration appealed against him. In terms of fees, the administration argued that President Richard Nixon used similar emergency powers in 1970.

But the court dismissed the Trump administration’s comparison and said that Trump’s fees were very widespread and that they were planning to bring them down.

Trump was a big shock by court ruling

Former US trade talks and vice -president of the Asia Society Policy Company, Wendy Cutler, spoke to the news agency AP that the court’s verdict has changed the president’s business policy.

Katler said, “Many countries were talking to him and offering Trump’s fee for 90 days. But now after the court’s decision, he can stop the United States with all kinds of offers.

The Trump administration has appealed against the court’s decision and is hoped that the issue can go to the Supreme Court. Professor Ishwar Prasad, the trade policy of Cornell University, weakens Trump’s foundation, based on which he used emergency powers and imposed fees.

Ishwar Prasad said, “It is clear from the conclusion that Trump’s unilateral fee is to occupy administrative powers.”

What impact will be in India?

On April 2, Trump imposed an intriguing fee in every country in the world since the 1930s. Under the Publication Fee Scheme, the US imposed a 26% fee on India. But on April 9, the Trump administration banned the 90 -day fee. However, 10 percent of the basic fees were in effect for all mutual fees.

In the world, 10 percent basic fees and additional 30% of China are affecting global economic growth. Moody, a credit rating company, said that some time ago, India’s GDP growth would be reduced from 6.7% to 6.3% by 2025.

In addition, Muttis said India’s economic growth depends on its domestic consumption despite the threats from the changes in US policies. The cost of infrastructure contributes to the growth of GDP GDP. If the government reduces the tax, people are encouraged to spend. Muttis said Trump’s fees would not affect India much.

There is also a business negotiations between India and the United States about this fee, which has seen very good progress. Now the court’s verdict is being considered in favor of India because India can get concessions in business negotiations. India’s exports in the United States may not be affected if the restriction on Aksuruch continues.