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Section 122 of the Trade Act of 1974 (19 U.S.C. § 2132) empowers the U.S. President to impose temporary import surcharges of up to 15% or quotas for up to 150 days to address "large and serious" balance-of-payments deficits. Unlike other trade actions, this typically requires uniform, non-selective application across all countries rather than targeting specific nations.


So not only do we NOT have a "large and serious balance-of-payments deficit" (we don't have one at all, this is not the same as a trade deficit), but even if we did, he can't apply Section 122 selectively.