"President Trump announced Saturday that he plans to raise global tariffs from 10% to 15%. The move comes one day after the Supreme Court struck down the president's use of emergency powers to impose tariffs under the International Emergency Economic Powers Act. After the ruling, the president claimed he had the authority to impose a global tariff using some sections of the Trade Act of 1974."
"These sections are more cumbersome than the sweeping powers Trump previously claimed, NPR's Mara Liasson tells Up First. Some tariffs will only last 150 days before Congress has to weigh in. Others could be permanent, but require months of investigation. The high court's ruling meant that Republicans wouldn't have to defend Trump's extremely unpopular tariffs, Liasson says. But now, Congress will have to show its loyalty to the president by voting to impose new tariffs, which they aren't interested in doing."
"China has been a major target of Trump's tariffs. NPR's Jennifer Pak, who is in Shanghai, reports that Chinese businesses that deal with the U.S. are cautiously optimistic about the Supreme Court's ruling. They have dealt with uncertainty since Trump's first term. The president has used tariffs against China as a threat to lower the trade deficit, stop intellectual property theft and more."
President Trump announced plans to raise global tariffs from 10% to 15% after the Supreme Court struck down his use of emergency powers under the International Emergency Economic Powers Act. The president is invoking sections of the Trade Act of 1974 that impose more procedural steps; some tariffs would expire after 150 days unless Congress acts, while others require lengthy investigations to become permanent. The court ruling shifts responsibility to Congress, which faces political risk in voting for tariffs. China has been a primary target, and Chinese businesses report cautious optimism. Most Americans say the country is worse off than a year ago.
Read at www.npr.org
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