After Supreme Court Loss, Trump Plans to Impose Global Tariffs Using Different Laws
Key Points:
- President Trump responded quickly to a Supreme Court loss by ordering a new 10 percent tariff on all imports, aiming to maintain his economic leverage in global trade.
- He announced the use of the 1974 Trade Act, specifically invoking Section 122 to impose the tariff starting February 24, a provision never before used by a president.
- Trump also plans to initiate investigations under Section 301 into unfair trade practices by other countries, potentially leading to additional tariffs.
- Despite the legal setback, Trump emphasized his determination to continue the trade war, suggesting that the new tariffs could be more severe and enduring than previous measures.
- These actions are intended to replace the emergency trade powers invalidated by the Supreme Court, which Trump had employed