Trump's New Global Tariff Plan: Executive Order and Section 122 of the 1974 Trade Act
The Supreme Court ruled against President Trump's use of the International Emergency Economic Powers Act for imposing tariffs on Canada, Mexico, and China. In response, Trump announced plans to sign an executive order implementing a 10% global tariff. He intends to utilize Section 122 of the 1974 Trade Act for this purpose, with the tariff lasting for 150 days unless Congress decides to prolong it. Stay tuned for further updates.