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The most straightforward way for a chief executive to impose new tariffs without congressional approval or a lengthy review process—which would be required if Trump used Section 301 of the Trade ...
Section 338 is in that same category of fast-acting remedies, allowing the president to act unilaterally and impose tariffs in 30 days, said Nazak Nikakhtar, a former senior Commerce Department ...
The so-called "Section 301" and "Section 232" tariff authority that has been exercised in recent years by both Trump and President Joe Biden are based on some of these bills.
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 ...
President Donald Trump says he will impose his tariffs over the weekend, gambling that taxing American companies for imported goods will ultimately punish the countries that make stuff Americans ...
Tariffs that are primarily used as a negotiating tool to drive national security policy, “can be immensely effective,” said Maya MacGuineas, president of the bipartisan Committee for a ...
On February 7, 2025, the EU proposed lowering tariffs on car imports—including American cars—from 10% to a rate closer to the 2.5% tariff imposed by the U.S., a deal originally suggested in January by BMW CEO Oliver Zipse. The EU also offered to increase its purchases of liquefied natural gas and military equipment from the U.S. [50]
Some reports have suggested that Trump might use the International Emergency Economic Powers Act, which would allow a president to impose tariffs in the event of a national emergency. Some trade ...