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This is going to leave a mark..

atlkvb

atlkvb

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Jul 9, 2004
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I think Trump will now probably just use other means to collect those tariffs. It could get messy though if we have to issue refunds on the billions we've already collected?

What's up with the Robert's SUPCO anyway? 🤔
 
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Airport

Airport

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Dec 12, 2001
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atlkvb said:
I think Trump will now probably just use other means to collect those tariffs. It could get messy though if we have to issue refunds on the billions we've already collected?

What's up with the Robert's SUPCO anyway? 🤔
Click to expand...
It’s in the constitution that he doesn’t have the power. I’m not surprised
 
atlkvb

atlkvb

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Jul 9, 2004
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Airport said:
It’s in the constitution that he doesn’t have the power. I’m not surprised
Click to expand...
He has the power, but has to use it differently. He can't levy tariffs under this statute (IEEPA) but he can collect tariffs under different statues.

The International Emergency Economic Powers Act (IEEPA) allows the U.S. president to regulate international commerce during a national emergency but not tariffs, which are levied primarily by Congress.
 
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atlkvb

atlkvb

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Trump will now just use other statutes to collect these tariffs, and according to initial reports he'll collect even more than he did under IEEPA!

Trump’s Options After Supreme Court Said His Tariffs Are Illegal

Trump's Statutory Authority to Impose Tariffs​

The Supreme Court said that the International Emergency Economic Powers Act cannot be used, but Trump has at least five other options​

Section 232Threat to national securityYes, by Commerce DepartmentNoneNone
Section 201Injury to domestic industryYes, by International Trade CommissionFour years. May be extended to a maximum of eight years.50% increase. Phasedown required after one year.
Section 301Discrimination against US businesses or violation of US rights under trade agreementsYes, by US Trade RepresentativeFour years. May be extended with no maximum limit.None
Section 122International payments problemNo150 days. Can be extended with Congressional approval.15%
Section 338Discrimination against US commerceNoNone50%
Source: Congressional Research Service, Bloomberg

As Trump's tariffs face legal challenge, here are some of his other trade policy options
(this is a breakdown of these individual statutes)
 
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