tariff
Trump Pivots to Section 122 and Section 232 Authority
Days after the IEEPA ruling, the administration proclaimed new tariffs under Section 122 of the Trade Act of 1974 (a 15%-cap, 150-day emergency authority) and expanded Section 232 national-security tariffs on steel, aluminum, copper, furniture, cabinets, softwood lumber and buses, alongside a 10% Section 122 tariff on other exports — largely preserving the trade war's practical effect while resting on firmer legal ground.
Sources
- T3 Thomson Reuters Tax & Accounting Institutional western