Trump pursues new import taxes to replace tariffs the Supreme Court rejected
The hearings could produce tariffs on imports covering 70% of U.S. goods, while officials seek to replace revenue lost after the Supreme Court ruling.
- On Tuesday, the Office of the U.S. Trade Representative began hearings into forced-labor-linked goods and foreign overproduction, investigations expected to yield new Section 301 tariffs. U.S. Trade Representative Jamieson Greer is overseeing the probes to secure durable levies replacing temporary measures.
- Following the Supreme Court's February ruling that President Donald Trump overstepped authority by invoking the 1977 International Emergency Economic Powers Act, the administration pivoted to these investigations. The court voided previous tariffs, forcing the government to refund $166 billion to importers.
- Hearings this week examine whether 60 economies, accounting for 99% of U.S. imports, prohibit forced labor, while next week's sessions target 16 trading partners regarding alleged overproduction. The measures aim to replace Section 122 tariffs expiring on July 24.
- Treasury Secretary Scott Bessent proclaimed the government will replace lost revenue with new import taxes, though critics like Kenya Davis of Boies Schiller Flexner called the investigation timeline 'so condensed that it doesn't make a lot of sense.'
- Legal experts anticipate further court battles, despite the administration asserting Section 301 tariffs are legally robust. Unlike IEEPA levies, these measures allow four-year terms, potentially providing a more stable framework for Trump's protectionist agenda to survive judicial scrutiny.
84 Articles
84 Articles
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Trump pursues new import taxes to replace Supreme Court rejected tariffs
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