Following the Supreme Court’s landmark ruling overturning his emergency tariffs, President Donald Trump is recalibrating his tariff agenda — and prompting a new political debate around the issue driving his economic agenda.
On Friday, Trump said he will sign an order to impose a 10% global tariff above existing tariff rates under a different authority than the International Emergency Economic Powers Act, the emergency powers the Supreme Court said cannot be applied so broadly.
The new authority — Section 122 of the Trade Act of 1974, which allows him to levy up to 15% tariffs for as many as 150 days before having to go to Congress — raises new complications, however.