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U.S. Tariffs and WTO Crisis Syllabus GS 3: International Trade Why in the News? Recently, the United States imposed temporary import surcharges under Section 122 after a Supreme Court ruling, while launching Section 301 probes, raising concerns about WTO rule violations and global trade fairness. Introduction Recent actions by the United States on tariffs have …
Read MoreUS Supreme Court Limits Presidential Powers on Tariffs Why in the News ? The U.S. Supreme Court struck down tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act (IEEPA), ruling that tariff powers lie with Congress. The judgment clarifies limits on presidential trade authority and strengthens legislative oversight, reinforcing principles of …
Read MoreSyllabus: GS-2 -Institutions and its functioning , International Bodies and their mandate GS-4– Ethics in international relations Why in News : The WTO’s 13th Ministerial Conference (MC13) took place from 26 February to 2 March 2024in Abu Dhabi, United Arab Emirates. Source:- WTO Introduction to MC13 and the IFD Agreement(investment facilitation for development): MC13 held in …
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