10 minutes agoHow does Trump plan to keep tariffs in force
Periskopi(5 months ago)
(5 months ago)The Supreme Court's decision that US President Donald Trump's reciprocal fees were illegal was soon followed by his announcement of a new global tax of 10%, which he raised this afternoon to 15%. It is <x0 effective immediately”, he said. But how does he expect to go this time [...]
It is <x0 effective immediately”, he said.
But how does he expect it to go differently this time?
There is legislation that allows the president of the United States to set a fee of up to 15% for 150 days so he has now reached the maximum allowed, reports Sky News.
However, it can again face legal challenges, but Trump says the new rate is already “legally tested” according to “size 122” of the Trade Act.
The 122 section allows the president to temporarily place a temporary “on imports” to 15% if it finds that there are large and serious “ “in the balance of payments, to prevent a “devaluation near” and the US dollar” in the currency markets.
He said this is in addition to the “of all tariffs for national security according to section 232 and existing tariffs according to section 301”.
These are all the legal provisions he mentioned during the White House press conference yesterday:
Thirty-eight section of the 1930 Tarifas Act
Section 232 of the 196 Trade Enlargement Act
1974 Trade Act Section 201
Article 301 of the 1974 Trade Act
Section 122 of the 1974 Trade Act. /Perscope
