#section-122-trade-act

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fromFortune
15 hours ago

Trump imposes 10% global tariff in bid to salvage trade plans | Fortune

Trump previously said he was implementing the new baseline duty under Section 122 of the Trade Act of 1974, which grants the president unilateral ability to impose tariffs. But the untested legal provision puts a 150-day limit on how long the duties can remain in place. Congress would need to approve any extension. The Supreme Court, in a 6-3 decision handed down earlier Friday, ruled that Trump's use of a decades-old federal emergency-powers law to impose his so-called "reciprocal" tariffs was unlawful.
US politics
US politics
fromFortune
21 hours ago

Trump calls Supreme Court justices who struck down his tariffs 'disgrace to our nation' and vows fresh duties under other laws | Fortune

President Trump condemned six Supreme Court justices for striking down his IEEPA tariffs and vowed to impose alternative tariffs using other 1974 Trade Act authorities.
US politics
fromwww.dw.com
1 day ago

Trump tariffs struck down: What's his plan now?

The Supreme Court invalidated most Trump tariffs under IEEPA, and the administration plans temporary tariffs under Section 122 of the Trade Act pending Congressional approval if extended.
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