Green

Can you still retire in 2025? Here’s what the experts say amid market volatility

时间:2010-12-5 17:23:32  作者:Housing   来源:Africa  查看:  评论:0
内容摘要:“I don’t have a house to sleep in. My house has already collapsed,” Shaba told the AFP news agency.

“I don’t have a house to sleep in. My house has already collapsed,” Shaba told the AFP news agency.

A United States trade court has ruled that President Donald Trump exceeded his authority when he imposed blanketfrom US trading partners, issuing a permanent injunction that immediately halts the tariffs and demands a government response within 10 days.

Can you still retire in 2025? Here’s what the experts say amid market volatility

The Court of International Trade, based in New York, said the US Constitution grants Congress exclusive authority to regulate commerce with other countries that is not overridden by the president’s emergency powers to safeguard the US economy.“The court does not pass upon the wisdom or likely effectiveness of the President’s use of tariffs as leverage,” a three-judge panel wrote on Wednesday. “That use is impermissible not because it is unwise or ineffective, but because [federal law] does not allow it.”The ruling, if it stands, could derail Trump’s global trade strategy to use steep tariffs to wring concessions from trading partners. It creates deep uncertainty around multiple simultaneous negotiations with the European Union, China and many other countries.

Can you still retire in 2025? Here’s what the experts say amid market volatility

The court struck down Trump’sissued since January under the International Emergency Economic Powers Act (IEEPA), a statute meant for addressing rare and extraordinary national emergencies. Tariffs introduced under other laws, such as those targeting specific industries like steel, autos and aluminium, were not addressed in this ruling.

Can you still retire in 2025? Here’s what the experts say amid market volatility

The Trump administration swiftly filed an appeal, disputing the court’s jurisdiction. A White House spokesperson insisted trade imbalances posed a national crisis. “It is not for unelected judges to decide how to properly address a national emergency,” said Kush Desai, the White House deputy press secretary, defending Trump’s executive actions as necessary to protect US industry and security.

Al Jazeera’s Mike Hanna, reporting from Washington, DC, said the judges on the court had been appointed by various Democrat and Republican presidents.As Nigeria’s rainy season begins, typically lasting for six months, the Nigerian Meteorological Agency has warned of possible flash floods in 15 of Nigeria’s 36 states, including Niger State, between Wednesday and Friday.

The most concerning thing about these floods is “this isn’t even the peak of the rainy season,” said Idris. “In some states, the rains have only been there for a month and yet we’re seeing this.”However, scientists have warned that the effects of

are already being felt, as extreme weather patterns are becoming more frequent.The heavy rainfall causes problems for Nigeria every year as it destroys infrastructure and is further exacerbated by inadequate drainage.

copyright © 2016 powered by ReportRenaissanceRoadRunRushRace   sitemap