Trump Unveils New Tariffs Designed to Withstand Legal Scrutiny by Gavin Bade
New duties, ranging from 10% to 12.5%, will replace a temporary tariff put in place after the Supreme Court derailed Trump’s trade agenda in February Goods covered by separate national security tariffs like steel, aluminum, automobiles and parts, won’t be subject to the new tariffs, and certain food and agricultural imports, fertilizers and energy products will also be exempt. The new levies are based on a frequently used section of trade law—Section 301 of the Trade Act of 1974—that is considered more legally durable than the basis for the tariffs the Supreme Court struck down. Once in place, the levies can remain indefinitely and be unilaterally altered by the president. The immediate economic impacts of the tariffs are expected to be limited, as the new tariff rates are similar to the 10% global tariff that expires early Friday. Trump Unveils New Tariffs Designed to Withstand Legal Scrutiny – WSJ
