President Donald Trump stated that the United States may need “relax” commercial deals with the European Union, Japan and South Korea if his administration loses the case of the Supreme Court pending regarding the legitimacy of customs tariff policies, according to the Reuters report published on Yahoo Funding.
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The President made these statements during a meeting with Polish President Carole Noruki, following the appeal of his administration to the Supreme Court to cancel the ruling of the United States’ Appeal Court recently and found that many of the definitions imposed illegal. He said that the loss in the case would make the country “suffer greatly” and could put the recently completed agreements. Data from the Indexbox platform indicate that these commercial policies have greatly changed import and export flows, which affects the main sectors.
Trump stressed that the customs tariff paved the way for new agreements, specifically a complete agreement with the European Union. He suggested that without the favorable Supreme Court ruling, these deals will be in danger.
Source: Indexbox Market Intelligence
