Pure tariff chaos?! Inside America’s trade whiplash #CGTN
Pure tariff chaos?! Inside America’s trade whiplash
Pure tariff chaos. On February 20, the Supreme Court of the United States ruled that President Donald Trump overstepped his authority when he imposed tariffs last April under the International Emergency Economic Powers Act, better known as IEEPA. Trump called the ruling “ridiculous.” He struck back, announcing a new 10% global tariff, this time under a different law and warning it could rise to 15 percent. But here’s the twist: These new tariffs can only stay in place for 150 days without congressional approval. So what is going on with U.S. trade policy? And what does this rollercoaster reveal about America’s political system? Don’t miss out!
Guests:
Prof. Yin Xiaopeng
Dean, Research Institute for Global Value Chains
University of International Business & Economics
Prof. Bert Hofman
East Asian Institute
National University of Singapore
David Firestein
CEO, George H.W. Bush Foundation for U.S.-China Relations
Liang Yan
Kremer Chair Professor of Economics
Willamette University
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