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The White House court is trying to postpone the judgment of Donald Trump’s “Release Day” Customs Project is invalid because his top trade adviser said that “nothing changed” in the President’s operation to make a trade agreement with other countries.
The US court ruled that the International Trade Court on Wednesday night that Trump did not have the power to use the emergency economic power law, which he had implemented global tariffs last month.
Senior White House officials say the administration will immediately appeal against the decision and remain in the order, or hold the hold.
Trump’s top trade and economic counselors also emphasized that the President has other ways for the World Trade War – and will continue to negotiate with other nations.
“We think we have a strong case,” Peter Navaro, chief architect of Trump’s trade war, told Bloomberg on Thursday morning.
He said the court verdict showed that the administration could also use Various legal bases To impose tariffs.
Senior Counselor Navaro added about Trump’s trade and production, “So nothing really changed here. “These agreements are about to happen.”
The verdict of the International Trade Court has arrived when the Trump administration is pushing to cut trade agreements with dozens of countries. The judges gave the administration 10 days to implement their verdict.
The director of the National Economic Council, Kevin Hospital, also emphasized that the Trump administration would be able to move forward with its plan.
“Trump always wins this discussion because we are right.
“These staff judges are really trying to slow down something in the middle of the important discussion.”
Haset said that there are “different methods” systems that can impose tariffs if needed, but added: “We are not planning to follow them right now because we are very confident that it is really wrong.”
Wall Street analysts have suggested that the court verdict will reduce the White House plans, but will not be derailed. The US stock has grown after the verdict, but the rally was restrained in the morning trading, the S&P 500 index was only 0.2 percent and the technology-heavy Nasdak composit increased by 0.4 percent.
City analysts wrote in a note on Thursday, “The administration may probably apply this judgment successfully or use other authorities.”