Daniel Kurtzleben
๐ค SpeakerAppearances Over Time
Podcast Appearances
It allows the president to impose tariffs on imports for up to 150 days.
And after that point, Congress is required to vote on it.
But in addition, some of the tariffs he's already imposed will still be sticking around.
Those are called Section 232 tariffs.
They're on an array of products already, like steel and aluminum and cars.
So those aren't going anywhere.
But yesterday, he also cited a few other laws he said he could use to impose tariffs.
Now, there's a whole bunch of these statutes.
They're all known by these three-digit numbers I've been talking about.
There's 201, 301, 338, but all of those statutes.
give the president some power to levy tariffs.
It's just that the difference between those and the IEPA tariffs that the court struck down is that these new tariffs have restrictions.
Some of them require investigations first, which can take weeks or months, or they have time limitations or limits on the size of the tariff.
So yes, Trump has some options for replacement tariffs, but they could create some new challenges.
Right.
That's the big conflict Trump has made for himself here.
Trump has been promoting these tariffs, which, yeah, they're taxes.
They raise prices for businesses and consumers.
And at the same time, he's been trying to make the case that he cares about the cost of living.
And right now, most voters just don't think the tariffs have helped.