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Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
The administration is seeking more durable tariffs after refunds and court losses cut revenue by $25.6 billion in June, officials and analysts said.
- U.S. Trade Representative Jamieson Greer is racing to finalize new Section 301 tariffs on dozens of nations before current Section 122 levies expire on July 24, seeking to replace lost revenue after recent legal defeats.
- After the Supreme Court struck down IEEPA-based tariffs in February, federal revenue from import taxes plummeted from more than $31.4 billion last October to a $25.6 billion loss in June, forcing the administration to seek new legal authority.
- The administration proposed 10% tariffs on 16 countries and 12.5% on 44 others, citing investigations into forced-labor practices and overproduction spanning 60 economies accounting for 99% of U.S. imports.
- Trade attorneys warn the new strategy faces potential court challenges, though former U.S. trade official Sarah Bianchi noted "Section 301s have been pretty legally durable." Procedural requirements including public comment periods remain incomplete.
- Caleb Petitt, a research associate at the Independent Institute, cautioned that the "persistent search for new tariff justifications" may fail to restore revenue, potentially leaving taxpayers to cover the fiscal shortfall.
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According to a landmark ruling by the Supreme Court, the Trump administration is paying back gigantic sums of tariffs.
·Essen, Germany
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Purdue Exponent+28 Reposted by 28 other sources
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As a Trump tariff expires, a new one takes its place
(The Center Square) – A federal tariff struck down by a U.S. trade court is set to expire on its own terms July 24, even as the Trump administration presses ahead with new import taxes under a different legal authority.
Trump administration races the clock to rebuild U.S. tariff wall knocked down by Supreme Court
The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth. But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs…
·Johnstown, United States
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Total News Sources64
Leaning Left13Leaning Right10Center31Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 24%
C 57%
R 19%
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