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Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
WASHINGTON (AP) — The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth.
But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs in February.....
But the administration has more durable options: Section 301 of the same 1974 trade law permits the president to impose tariffs and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices. Trump used Section 301 to impose big tariffs on China in his first term and is rolling them out again — as recently as late Wednesday when he announced 25% tariffs on some Brazilian imports, charging the world’s 11th-biggest economy with a host of unfair trade practices.
Trade attorneys and analysts are confident the tariff-happy Trump administration will manage to beat the clock and swap out Section 122 tariffs with bigger Section 301 tariffs by the July 24 deadline. “They’re going to raise the tariff wall again,’’ said trade lawyer Ryan Majerus, a partner at King & Spalding and a trade official in Trump’s first administration and in President Joe Biden’s.
https://apnews.com/article/trump-tariff ... 61670d7725
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