US President Donald Trump said on Friday he would impose a 10% global tariff for 150 days to replace some of his emergency measures struck down by the US Supreme Court.
Trump said his order would be issued under Section 122 of the Commerce Act of 1974 and that the duties would be in addition to tariffs currently in effect.
The statute allows the president to impose tariffs of up to 15% on all countries associated with “major and serious” balance of payments problems for up to 150 days. It does not require investigations or impose other procedural restrictions.
The Supreme Court declared illegal the broad global tariffs he imposed under the International Emergency Economic Powers Act, ruling that he had exceeded his authority under that law.
“We have alternatives, great alternatives,” Trump said. “It could be more money. We’ll get more money and we’ll be a lot stronger for it,” Trump said of the alternative tools.
Trump said his administration also initiated several Section 301 investigations into unfair trade practices “to protect our country from unfair trade practices by other countries and companies.”
Trump’s decision to lean on other laws, including Section 122, while initiating new investigations under Section 301 was widely anticipated. But the 10% tariffs he announced Friday can only remain in effect for 150 days, and Section 301 investigations typically take months.
(Reporting by Doina Chiacu; Editing by Chizu Nomiyama)
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