President Trump announced Friday that he would reinstate broad tariffs after the Supreme Court invalidated his previously imposed emergency duties. He ordered a 10 percent tariff on all imports, invoking Section 122 of the 1974 Trade Act, with the tariff set to begin on Feb. 24. No prior president had used Section 122.
In addition to the across-the-board tariff, Trump said he would use authorities under Section 301 of the same law to open investigations into other countries’ unfair trade practices, a process that would most likely lead to further tariffs. He did not specify which countries would be targeted, and it was not immediately clear whether the administration had commenced the Section 301 investigations.
Trump presented these actions as a substitute for the invalidated emergency duties that had been rolled out at scale during a trade initiative described as “Liberation Day” last spring.