Trump orders temporary 10% global tariff
US President Donald Trump said he will impose a 10 percent global tariff for 150 days in place of some emergency duties canceled by the US Supreme Court decision.
Trump said his order would be issued under Section 122 of the Trade Act of 1974 and that the duties would be above those currently in effect.
The statute allows the president to impose tariffs of up to 15 percent on all countries with “major and serious” balance of payments problems for up to 150 days.
It does not require investigation or impose other procedural limitations.
The Supreme Court declared broad global tariffs imposed under the International Emergency Economic Powers Act illegal and ruled that they exceeded its authority under that law.
“We have alternatives, great alternatives,” Trump said.
“There could be more money. We’ll get more money and we’ll be a lot stronger for it,” Trump said about alternative means.
Trump said his administration is also launching unfair trade practices investigations under Section 301 “to protect our country from the unfair trade practices of other countries and companies.”
Trump’s decision to rely on other laws, including Section 122, when launching new investigations under Section 301 was widely expected.
But the 10 percent tariffs he announced Friday can only be in effect for 150 days, and Section 301 investigations typically take months to complete.
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