New Delhi, Aug. 31 -- Dealing a major blow to the US administration's trade strategy, a federal appeals court in the US on Friday ruled that President Donald Trump's global tariffs, including the 50% duties imposed on India, were illegally applied, reported Hindustan Times.
The report added that US Court of Appeals for the Federal Circuit - equivalent of a high court in India - ruled that Trump exceeded his authority by invoking a 1970s-era emergency law to impose the sweeping tariff regime. The court noted that Trump upheld an earlier decision by the Court of International Trade.
But the ruling will not take immediate effect, as the ruling will not take immediate effect. The US President will have enough time to challenge the decision ...
		
			Click here to read full article from source
			
			To read the full article or to get the complete feed from this publication, please 
Contact Us.