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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Supreme Court Ruling
In a significant legal setback, the U.S. Supreme Court ruled against President Donald Trump's use of emergency powers to impose international trade tariffs. The court's decision, with a 6-3 vote, declared that the 1977 International Emergency Economic Powers Act does not permit the president to unilaterally impose tariffs.
## Trump's Response
Following the ruling, Trump announced plans to implement a 10% tariff on all imports into the United States. He expressed disappointment with the court's decision, accusing it of being influenced by foreign interests, although he provided no evidence for this claim. Trump insisted that the ruling actually enhances his authority to impose tariffs.
## Economic Impact
The Supreme Court's decision was welcomed by business groups, who believe it will provide stability for American companies. However, the ruling did not clarify how importers might receive refunds for previously paid tariffs, a matter expected to be resolved in future legal proceedings.
## Political Reactions
Democratic leaders celebrated the court's decision, viewing it as beneficial for American consumers. Senate Minority Leader Chuck Schumer praised the ruling, while Elizabeth Warren highlighted the lack of a legal mechanism for consumers to recover tariffs already paid. Meanwhile, California Governor Gavin Newsom demanded refunds for Americans, calling the tariffs an "illegal cash grab."
## International Reactions
The European Union and Canada are assessing the implications of the ruling, with Canada labeling Trump's tariffs as unjustified. The UK plans to collaborate with the U.S. to understand the impact on their trade agreement.
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