Tuesday, 02 January 2024 12:17 GMT

Trump Admin Considers Allowing Tariffs Of Up To 15% For 150 Days: Report


(MENAFN- Live Mint) US President Donald Trump's administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15% for 150 days, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The administration has not made a final decision and it could wait to impose any plans after a federal appeals court on Thursday temporarily reinstated the most sweeping of Trump's tariffs following a trade court ruling to immediately block them, the report added. (Reporting by Costas Pitas)

MENAFN29052025007365015876ID1109614041



Live Mint

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search