After President Donald Trump’s International Emergency Economic Powers Act (IEEPA) tariffs were dealt a setback by the Supreme Court on Friday, the administration is now reportedly weighing fresh national security–based tariffs across multiple industries.
Broad Section 232 Tariff Push
The proposed tariffs may impact sectors including large-scale batteries, cast iron, plastic piping, industrial chemicals, and telecommunications equipment. They would be implemented under Section 232 of the Trade Expansion Act of 1962, which grants the president authority to impose tariffs on goods deemed a national security risk, the Wall Street Journal reported on Monday.
The timeline for the tariff investigations, conducted by the Commerce Department, and the imposition of the tariffs remains uncertain. Section 232 requires investigations before any tariffs can be imposed, but once in place, the president may adjust them unilaterally.
Beyond the newly proposed probes, the administration was already weighing Section 232 …Full story available on Benzinga.com
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