Trump promised to impose a 10% global duty after Supreme Court ruling
Trump promised new duties after Supreme Court decision / Photo: The White House
US President Donald Trump has said he will introduce a global duty of 10% in addition to the levies that are already in place now. Trump said this at a press conference after the Supreme Court decision, which recognized the "retaliatory" duties imposed last spring as illegal.
Trump said he would invoke Chapter 122 (Section 122) of the Trade Act of 1974 for the new duty: it allows the president to impose basic duties of up to 15% on all countries to combat the trade deficit, The New York Times explained. However, these duties can only be in place for 150 days unless Congress votes to extend them, the newspaper added.
In addition, all duties imposed under Section 232 (in the interest of national security) and Section 301 (allows the imposition of levies in response to other countries' trade measures) will remain in effect, the US president added.
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