Trump announces new tariffs, investigations after Supreme Court ruling
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Supreme Court tariffs ruling
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Trump announces new tariffs, investigations after Supreme Court ruling
President Trump said Friday he would raise preexisting tariffs and begin the process of imposing new ones after the Supreme Court struck down many of his import taxes on foreign trading partners.
During a White House press conference, Trump announced he would impose a universal tariff of 10 percent and begin investigations that could lead to import taxes on a wide range of countries and goods.
The president also affirmed that other tariffs he imposed on metals and other imports, which were not involved in the Supreme Court case, would remain in effect.
“In order to protect our country, a president can actually charge more tariffs than I was charging in the past period of a year under the various tariffs authorities,” Trump told reporters Friday.
“So we can use other of the statutes, other of the tariff authorities, which have also been confirmed and are fully allowed,” he added.
The Supreme Court struck a major blow to Trump’s trade agenda Friday morning, striking down the tariffs the president imposed under the International Emergency Economic Powers Act (IEEPA).
In a 6-3 ruling, the court held that a provision of IEEPA giving the president authority to “regulate” international trade under national security grounds did not include the ability to impose import taxes.
Soon after taking office last year, Trump imposed tariffs on Canada, Mexico and China under IEEPA, claiming they are damaging national security by failing to control fentanyl trafficking from their nations into the U.S.
The president in April also announced steep tariffs on dozens of nations under IEEPA, though he reduced their size after weeks of turmoil in financial markets.
The high court held Friday that while the IEEPA gives the president broad authority to halt or limit the volume or composition of foreign trade, it did not permit for imposing tariffs.
Even so, Trump still has considerable power to impose or raise import taxes on his own through other provisions of federal law and outlined his initial plans Friday afternoon.
Trump said he would impose a new 10 percent universal tariff under Section 122 of the Trade Act of 1974. That provision allows the president to impose tariffs of up to 15 percent for 150 days to address trade deficits.
He is also maintaining tariffs he imposed on foreign steel, aluminum and other goods from certain countries under Section 232 of the Trade Act, which allows him to tax imports considered dangerous to national security.
The president additionally said he would begin the process of imposing tariffs under Section 301 of the Trade Act, which gives him the authority to tariff imports produced through unfair trade practices.
Trump used sections 232 and 301 frequently during his first term and is expected to lean harder on those provisions in the wake of the court’s ruling. The administration has broad authority to determine which products and countries qualify for tariffs under sections 232 and 301 through the Commerce Department and an investigation process laid out in the Trade Act.
“This is ridiculous, but it’s OK, because we have other ways, numerous ways,” he said Friday.
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