Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
US Trade Representative: 10% Global Tariff May Be Reimposed After Expiry in July
Recommend 1 Positive 1 Negative 0 |
||||
|
||||
|
US Trade Representative Jamieson Greer said the 10% global tariff may be reimposed after it expires in July, as the relevant regulations do not clearly specify whether the president can reinstate the tariff after its expiry. After the US Supreme Court ruled that the reciprocal tariffs of US President Donald Trump were illegal, Trump in February imposed a 10% global tariff under Section 122 of the Trade Act of 1974. The tariff measure can remain in effect for up to 150 days unless extended by Congress. The US government had previously indicated that another tariff would replace it upon its expiry in July. However, Greer now believes that after the tariff expires, it may be reimposed under legal authorization. (mn/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
