The NYT reports:
President Trump is planning to invoke new trade authorities in response
to the Supreme Court’s ruling overturning his sweeping tariffs,
according to two people familiar with his plans, potentially including a
new, across-the-board tariff on U.S. trading partners.
This is no surprise, many government officials have said this was coming.
The report cities:
- Section 301 (requires an investigation)
- Section 122 (limited to 150 days and has never been used)
Don’t be surprised if Trump pulls the trigger as soon as possible on Section 122, which would put on across the board 15% tariffs but has carve outs for exemptions for some countries.
This article was written by Adam Button at investinglive.com.
