Despite the US Supreme Court’s ruling that many of President Trump’s former global tariffs were illegal, the US administration is not abandoning tariffs. The USA is now gearing up for a new round of national security investigations that could open the gate for new duties. According to a report by Bloomberg, the administration is planning probes into how imports affect several sectors, which include batteries, cast iron and iron fittings, and electrical grid equipment, among others.
The proposed inquiries would be conducted under Section 232 of the Trade Expansion Act of 1962, a provision that allows tariffs to be imposed on national security grounds, a different legal footing than what the Supreme Court struck down. This comes after Trump announced a new global tariff after the court decided to scrap his earlier imposed duties. According to official statements, the 10 per cent levy would take effect from Tuesday morning.
Though the president is expected to be able to keep these tariffs in place for five months, he indicated that he intends to use this period to prepare alternate import taxes that could collectively make up for the duties scrapped by the court.
US Trade Representative Jamieson Greer said last week that the administration is also considering investigations under Section 301 of the Trade Act of 1974, which lets the US impose duties in response to unfair trade practices by other countries.
Greer said that the expected probes would cover “most major trading partners” and focus on “areas of concern such as industrial excess capacity, forced labour, pharmaceutical pricing practices, discrimination against US technology companies and digital goods and services, digital services taxes, ocean pollution, and practices related to the trade in seafood, rice, and other products.”
Earlier on Monday, Trump, through a social media post, warned that countries attempting to take advantage of the Supreme Court ruling could face steeper tariffs.
Trump’s latest comments highlight his intentions to press ahead with plans to impose broad tariffs on goods entering the US market, even though the court has narrowed his options.
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