Trump's Tariffs: Rising Costs and Economic Uncertainty
TL;DR Summary
The incoming Trump administration may face challenges in implementing new tariffs due to the legal processes required by trade laws like Sections 201, 301, and 232. These laws necessitate investigations and public consultations before tariffs can be imposed, allowing businesses time to adjust. While Trump has significant power over trade policy, any rapid changes could raise legal questions. Options include modifying existing tariffs or using laws with fewer procedural restrictions, such as the International Emergency Economic Powers Act. Corporate supply chains may need to adapt to potential higher trade barriers.
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