THE LATEST | CANADANew York Times: President Trump announced on Saturday that he would raise his new, global tariff to 15 percent, a day after he took steps to replicate some of the punishing duties that had been struck down by the Supreme Court.
Mr. Trump announced the change in a post on social media, and said the policy would take effect immediately, as he signaled that he would press ahead with his trade war despite a major legal setback…
Politico: The White House has not officially implemented the newly increased tariffs.
It comes less than 24 hours after he invoked Section 122 of the Trade Act of 1974, which allows the president to impose tariffs up to 15 percent to address a “large and serious balance-of-payment deficit,” which can remain in effect for no more than 150 days unless Congress authorizes an extension…
Washington Post: The high court action ends more than a year of this sort of presidential freelancing, which saw tariffs imposed on the grounds of economics, national security and personal whim. Thanks to the Supreme Court, Trump no longer can introduce, modify or remove tariffs for any reason simply by tapping out a social media post on his smartphone.
But if that unpredictable quick-draw era has ended, plenty of new questions remain in its wake. Will the government refund the $134 billion-plus that it collected in illegitimate import taxes? If so, how and when? What new tariffs will be announced to supplement the 10 percent global tax that Trump rushed out Friday?…
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