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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan someone explain these new 10 percent tarrifs Trump is imposing and how he was able to get
passed the Supreme court ruling that struck down his original tariffs.
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Can someone explain these new 10 percent tarrifs Trump is imposing and how he was able to get (Original Post)
Jspur
6 hrs ago
OP
Congress ceded some of its authority in the Trade Act of 1974. He can do up to 15%, but only for 150 days.
surfered
5 hrs ago
#4
drray23
(8,673 posts)1. Its under another statute.
That one limits it to 10 percent and 150 days.
However it has requirements so its likely to be challenged too.
msongs
(73,356 posts)2. msNow discussiing this very issue with guest chuck schumer and others likely nt
Jspur
(792 posts)3. I just got back from dinner so I missed what
Chuck had to say. Let me know what he mentioned about this situation.
surfered
(12,592 posts)4. Congress ceded some of its authority in the Trade Act of 1974. He can do up to 15%, but only for 150 days.
Jspur
(792 posts)5. Thanks for clarifying this
for me. It's very predictable that he's going to do this every 150 days.
surfered
(12,592 posts)7. That may be a loop hole. I still don't see the U.S. manufacturing bananas, coffees, cocoa, etc.
The man is an idiot who thinks hes a genius.
IcyPeas
(25,233 posts)6. His Consigliere are using every law and loophole to aid this grifter
Initech
(108,229 posts)8. Nothing he does makes sense, and he just wants to watch the world burn.
Talitha
(7,822 posts)9. Thanks for bringing this up, I was also wondering.
And thanks to those who explained it.