Summary
- It reported that President Donald Trump is considering imposing sweeping tariffs by using new trade authority after the Supreme Court’s ruling invalidating the tariffs.
- It said Trump is exploring ways to push again for wide-ranging tariffs on major trading partners using a different legal basis instead of the International Emergency Economic Powers Act (IEEPA).
- The New York Times reported that the White House is reviewing a strategy to minimize the impact of the Supreme Court ruling by invoking new trade authority, but tariff rates and the countries to which they would apply have not yet been disclosed.
According to a breaking-economy news account, Walter Bloomberg, on the 20th (local time), President Donald Trump is considering imposing sweeping (blanket) tariffs by using new trade authority after the Supreme Court’s ruling invalidating the tariffs.
The outlet said that after tariffs based on the International Emergency Economic Powers Act (IEEPA) were ruled unlawful, Trump is exploring ways to relaunch wide-ranging tariffs on major trading partners using a different legal basis.
The New York Times (NYT) reported that the White House is preparing to invoke new trade authority and is reviewing a strategy to minimize the impact of the Supreme Court decision.
However, details such as the specific legal basis, tariff rates, and the countries to which they would apply have not yet been disclosed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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