Trump, Plan B and Tariffs
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Trump, tariffs and Small Business
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2don MSN
White House officials are already plumbing the depths of the U.S. legal code to find ways to get around judicial orders and carry out President Donald Trump’s plan to impose massive import taxes on goods from nearly every country on the globe.
Trump administration may use rarely invoked US Trade Act of 1974 to impose temporary 15% tariffs for 150 days after a court ruling questioned its earlier legal authority
After a US court ruled against the basis of his sweeping tariffs, former President Donald Trump’s administration is now turning to an obscure clause in the 1974 Trade Act. The new “Plan B” would permit short-term duties of up to 15 per cent for 150 days,
A day after Trump received a jolt with the US trade court blocking his ‘Liberation Day’ tariffs, an appeals court reinstated the levies, giving the US president a temporary reprieve at least until June 5.
The president’s team is preparing a Plan B to impose new tariffs with another law if the International Trade Court ruling is not overturned
The report emerged a day after a federal appeals court temporarily allowed his duties to stay in effect following a trade court ruling to immediately block them.