💨 Abstract

President Donald Trump has declared a national emergency under the 1977 International Emergency Economic Powers Act (IEEPA) to justify imposing 25% tariffs on Canadian and Mexican imports and an extra 10% duty on Chinese goods to curb fentanyl and illegal immigration. The move, which experts say is untested for imposing import tariffs, is expected to face swift court challenges and set important precedents.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖