#trump-tariff-policies

#trump-tariff-policies

Brian Riley's journey into the bike business began with a traumatic family experience when his grandfather had a serious accident while riding. This incident inspired him to create a safer braking system for bicycles, leading to the development of SureStop brakes, which allow for simultaneous braking of both tires with a single lever.

President Trump hates the United States' trade deficit. Indeed, he is so concerned about the "economic and national security risks" the deficit creates that he imposed a tariff regime that raised geopolitical tensions across the globe.The only problem is that his tariffs don't appear to be rebalancing the huge volume of goods and services the U.S. imports, versus its declining exports.

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.

During Trump's first term, he treated China as a strategic rival and often talked of checking its rise. His administration complained that China was seeking to challenge American power and erode American security and prosperity. But during his first year back in the White House, Trump in governing by whim and impulse with little strategic vision - has done lots to Make China Great Again. His shortsighted policies have enabled China to gain on, and at times move ahead of, the US in numerous ways.