Trump eyes new trade tariffs amid court challenge
The Donald Trump administration is preparing alternative solutions to maintain high import tariffs. These actions are a response to a court decision that deemed their implementation illegal. New tariffs based on the 1974 Act are being considered.
The administration of U.S. President Donald Trump is developing an emergency plan to maintain high import tariffs. This decision is in reaction to a court ruling that found the imposition of tariffs illegal, as reported by "The Wall Street Journal".
On Thursday, a federal appeals court temporarily upheld the tariffs imposed by Trump but did not rule on the merits of the case, instructing both parties— the plaintiffs and the administration— to submit written arguments on this matter by the first few days of June.
Trump's plan "B"
Nevertheless, the Trump administration is already working on another solution. According to "WSJ" sources, there is consideration of temporarily imposing tariffs up to 15% on a wide range of goods. The legal basis would be Section 122 of the Trade Act of 1974, which allows such actions for 150 days to correct the trade deficit.
At the same time, there are plans to develop individual tariffs based on Section 301 of the same act. This section, although requiring longer procedures, is considered more legally robust. It was previously used by Trump to impose tariffs on China.
Donald Trump criticized on Thursday the decision of the U.S. Court of International Trade, which the day before found that the U.S. president exceeded his authority by imposing additional tariffs on many countries. He expressed hope that the Supreme Court will overturn this decision.
