Trump uses a new tariff authority to preserve US trade wall

Bloomberg · 7 hours ago
  • Trump has kept tariffs at the center of US economic policy in his second term, shifting legal authority after the Supreme Court invalidated sweeping import duties imposed under emergency powers.
  • The new action uses Section 122 of the Trade Act of 1974 to impose a flat 10% levy on imports; the source states that tariffs under this provision are time-limited.

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Such tariffs are time-limited, howeverBloomberg

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