The Trump administration is preparing a legal ‘Plan B’ to maintain its sweeping tariffs after a US court ruled that the president overstepped his authority by using emergency economic powers to impose them, APA reorts citing Business Standard.
The new approach would rely on provisions under the Trade Act of 1974, starting with a temporary 15 per cent tariff for 150 days, followed by more targeted duties using a separate clause aimed at unfair trade practices, The Wall Street Journal reported on Friday.
The backup plan comes after a federal appeals court on Thursday allowed the existing tariffs to remain in place while the administration challenges the lower court’s ruling. However, because the legal basis for the policy is uncertain, officials are now looking at other ways to protect the president’s trade agenda.
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