Trump says he'll sign executive order to enact 10% global tariff after Supreme Court defeat
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Trump says he'll sign an executive order to impose 10% global tariff
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President Trump said existing tariffs imposed under other trade authorities known as Section 232 and Section 301 remain "in full force and effect." He also said he will sign an executive order Friday to impose a 10% global tariff under Section 122 of the Trade Act of 1974, which allows the president to impose a baseline tariff of up to 15% for no more than 150 days to deal with "large and serious" balance-of-payments deficits. The president also said he will initiate investigations under Section
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President Trump said existing tariffs imposed under other trade authori…
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President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda. He will sign an executive order later Friday imposing the new duties, which are being invoked under Section 122 of the Trade Act of 1974. Tariffs conjured using that statute can only last for 150 days, with any extension requiring congressional approval. Read more: cnb.cx/4s3
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President Trump to sign executive order to enact 10% global tariff
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