On Sunday, the main economic advisers of President Trump stressed that they would not be dissuaded by A recent judicial decision This said that many of the administration prices were illegal because they highlighted a variety of additional authorities that the White House could invoke when it plans to put pressure on China and others in negotiations.
They also pointed out that Mr. Trump did not intend to extend an original 90 -day break On some of its highest rate rates, increasing the chances that these duties – whose simple announcement had disturbed the markets – could take effect as expected in July.
“Rest assured that the prices do not disappear,” said Howard Lungick, trade secretary, during an appearance in “Fox News Sunday”.
Asked about the future of the so-called reciprocal prices of the president, announced for the first time and quickly suspended in April, Mr. Lutnick added: “I do not see today that an extension arrives.”
The president’s pricing strategy entered the unexplored political and legal territory last week after a federal commercial court judged that Trump had abused a law on emergency economic powers trying to carry out a world trade war.
The decision would have made a brief judgment to these tasks, which constitute the centerpiece of the president’s strategy aimed at putting pressure on other countries in commercial negotiations. But a court of appeal quickly granted the government A brief administrative break To settle the arguments in the case, which should reach the Supreme Court.
