Donald Trump says he has signed order imposing 10% global tariffs
Trump says he has signed an order imposing a 10% tariff on all importsDonald Trump has announced on his social media platform that he has signed an order to impose tariffs on every nation, although he made no reference to what legal authority he was relying on to do so.
“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately,” the president posted.
Minutes later the White House released a fact sheet explaining that Trump had signed a proclamation “invoking his authority under section 122 of the Trade Act of 1974” to impose “a temporary import duty”.
Last year, the Congressional Research Service, which provides legislative research and analysis to lawmakers, explained that, temporary, legal authority: double...