Trump's 15% Tariff Move Tests Legacy of U.S. Trade Deals
TL;DR Summary
The Supreme Court ruled that Trump overstepped his authority in using IEEPA to impose tariffs, though tariffs under Section 232 remain; Trump then applied a blanket 15% tariff under Section 122 of the Trade Act of 1974 for 150 days with limited exemptions, unsettling existing trade deals and forcing partners to reassess negotiated rates as the White House signals possible Section 301 actions to restore reciprocal tariffs later.
- Trump tariff chaos: What does 15% levy mean for trade deals the US signed? Al Jazeera
- In tariff case, Supreme Court justices bicker over treating Trump and Biden differently NBC News
- Supreme Court conservatives were united against Biden. Here’s why they split against Trump CNN
- The supreme court’s tariffs ruling puts Trump on notice with a bloody nose The Guardian
- Ruling against Trump’s tariffs creates new uncertainty in US trade relations with China AP News
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