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Beginning in 1917 with the Trading with the Enemy Act of 1917, the president can impose any tariff while the nation is at war. The affected trade does not have to be connected to the ongoing war. Since 1974, the Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is "an adverse impact on national security from ...
MOSCOW (Reuters) -The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there ...
WASHINGTON – President Donald Trump said Wednesday he would impose high tariffs on Russia if President Vladimir Putin does not bring a stop to the "ridiculous" war in Ukraine. "Settle now, and ...
Section 301 of the U.S. Trade Act of 1974 (Pub. L. 93–618, 19 U.S.C. § 2411, last amended March 23, 2018 [1]) authorizes the President to take all appropriate action, including tariff-based and non-tariff-based retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or ...
U.S. President Donald Trump said on Wednesday he would add new tariffs to his sanctions threat against Russia if the country does not make a deal to end its war in Ukraine, and added that these ...
Gary Clyde Hufbauer, senior fellow at PIIE, notes that there is ample precedent and scope for a U.S. president to unilaterally raise tariffs as Trump has vowed to do, and that efforts to block Trump's actions through the courts, or by amending the authorizing statutes in Congress, would be difficult and time-consuming. [66]
President Trump on Wednesday threatened to impose tariffs and sanctions on Russia if there is no deal to stop the fighting in Ukraine “soon.” “I’m not looking to hurt Russia. I love the ...
President Donald Trump said he'd impose high tariffs on Russia if it didn't end the Ukraine war soon. Trump said Wednesday that he'd also place more sanctions on Russia. US imports of Russian ...