US President Donald Trump’s administration is continuing its talks with trading partners despite a US appeals court ruling that most of Trump’s tariffs are illegal, US Trade Representative Jamieson Greer said on Sunday.
“Our trading partners, they continue to work very closely with us on negotiations,” he said in an interview with Fox News. “People are moving forward with their deals, regardless of what this court may say in the interim.”
Greer did not say which countries the US was still in talks with, but said he had spoken with one trade minister on Saturday morning.
Photo: Bloomberg
The ruling threatens what has become a pillar of Trump’s foreign policy since starting his second term in the White House in January. He has used the levies imposed on imported goods to exert political pressure and renegotiate trade deals even as the tariffs have increased volatility in financial markets.
The US Court of Appeals for the Federal Circuit on Friday said that while the US Congress gave the president significant authority to act in response to a national emergency, lawmakers did not “explicitly include the power to impose tariffs, duties, or the like, or the power to tax.”
Trump on Friday blasted the decision and vowed to take the case to the US Supreme Court.
The appeals court said his tariffs could remain in effect through Oct. 14 to allow for appeals.
Trade experts said the Trump administration had been bracing for the ruling and preparing alternative plans to be able to proceed with its tariffs.
“If other countries are looking at this and thinking they’re going to get tariff relief, they’re in for a unpleasant surprise. There are backup options upon backup options, even if the Supreme Court ends up agreeing with the appeals court,” Atlantic Council international economics chair Josh Lipsky said.
One option would be to turn to Section 338 of a 1930 trade law that allows the US president to impose duties of up to 50 percent against imports from countries that are found to discriminate against US commerce, he said.
White House trade adviser Peter Navarro told Fox News that the administration was optimistic the conservative Supreme Court would back Trump’s tariffs.
Republican US Senator James Lankford said companies he has talked to want the issue settled.
“Every time there’s a new court hearing, every time there’s a new change, it’s destabilizing for every one of our businesses. So let’s get all these things resolved as quickly as we possibly can,” he told NBC News.
ENERGY ISSUES: The TSIA urged the government to increase natural gas and helium reserves to reduce the impact of the Middle East war on semiconductor supply stability Chip testing and packaging service provider ASE Technology Holding Co (日月光投控) yesterday said it planned to invest more than NT$100 billion (US$3.15 billion) in building a new advanced chip testing facility in Kaohsiung to keep up with customer demand driven by the artificial intelligence (AI) boom. That would be included in the company’s capital expenditure budget next year, ASE said. There is also room to raise this year’s capital spending budget from a record-high US$7 billion estimated three months ago, it added. ASE would have six factories under construction this year, another record-breaking number, ASE chief operating officer Tien Wu
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
For weeks now, the global tech industry has been waiting for a major artificial intelligence (AI) launch from DeepSeek (深度求索), seen as a benchmark for China’s progress in the fast-moving field. More than a year has passed since the start-up put Chinese AI on the map in early last year with a low-cost chatbot that performed at a similar level to US rivals. However, despite reports and rumors about its imminent release, DeepSeek’s next-generation “V4” model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new
TECH WINNERS: Taiwan and South Korea reported robust trade, which suggests that they have critical advantages in the rapidly expanding AI supply chain, an official said Exports last month surged to a new high, as booming demand tied to artificial intelligence (AI) infrastructure fueled shipments of advanced technology components, underscoring the nation’s pivotal role in the global semiconductor supply chain. Outbound shipments climbed to US$80.18 billion, the highest ever for a single month, rising 61.8 percent from a year earlier and marking the 29th consecutive month of growth, the Ministry of Finance said yesterday. “The surge was driven primarily by global investment in AI infrastructure,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said. The mass production of next-generation AI computing systems has accelerated procurement across the semiconductor supply
RSS