Trump, Plan B and tariff
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According to The Wall Street Journal, Trump and his advisers are looking at invoking a never-before-used section of the 1974 Trade Act known as Section 122, which allows for a 15-percent tariff to be placed on imports for up to 150 days, in order to deal with trade imbalances with other countries.
The White House should see this as a blessing in disguise and take the court’s ruling as a chance to recalibrate its approach.
The Trump administration has confirmed that the tariffs announced under President Donald Trump will proceed, with no plans to extend the 90-day tariff pause
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,
For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump’s chaotic tariffs.
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
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.
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'There's No Plan B': Peter Navarro Remains Firm On Continuing Trump's Tariffs Amid Judicial PushbackDuring a press briefing today, Peter Navarro remains firm on continuing Trump's tariffs despite efforts from the judiciary to put a check on Trump's reckless abuse of power. He then launches a tirade on the district courts for opposing Trump,