Trump's New Tariffs Shift Focus to Balance of Payments
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NA Within hours of the Supreme Court's decision striking down his massive IEEPA tariffs in our case challenging them,
The president is relying on a provision that the government's lawyers said had no "obvious application" to his goal of reducing the trade deficit.
President Donald Trump’s new tariffs may face a legal challenge under Section 122 of the Trade Act of 1974.
Trump’s Department of Justice previously argued in court that he couldn’t issue tariffs under the authority that he is now using to justify a 15% blanket tariff.
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From IEEPA to Trade Act: Why Trump’s new 15% global tariffs could again be struck down | Explained
The tariffs began taking effect at midnight on Tuesday, shortly after collections under the International Emergency Economic Powers Act were halted following the Supreme Court ruling.
The administration misinterprets a Nixon-era law in its bid to reimpose tariffs struck down by the Supreme Court.
PROTECTING THE U.S. ECONOMY AND NATIONAL INTERESTS: Today, President Donald J. Trump signed a Proclamation imposing a temporary import duty to address fundamental international payments problems and continue the Administration’s work to rebalance our trade relationships to benefit American workers, farmers, and manufacturers.
The United States began collecting a temporary new 10% global import tariff on Tuesday, but the Trump administration was working to increase it to 15%, a White House official said, sowing confusion over President Donald Trump's tariff policies after last week's Supreme Court defeat.