Diplomatic Mission
Appears in 1 story
Issued retaliation warning
The legal foundation for Trump's tariff strategy collapsed on February 20 when the Supreme Court ruled 6-3 that IEEPA does not authorize tariffs. The decision voided both the 25% Iran secondary levy and other emergency-based duties on China. Trump signed a 10% global replacement under Section 122 of the Trade Act within hours, dropping China's effective rate from 47% to about 35%.
Updated 5 days ago
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