Court is wild card in tariff talk decisions
On April 2, the Trump administration citing the International Emergency Economic Powers Act declared a national emergency on tariffs. At the time the administration announced reciprocal tariffs on imports from several nations. Reciprocal tariffs work this way; essentially, if Country A taxes Country B’s cars at 10%, Country B would impose a 10% tariff on Country A’s cars in return, creating a “tit-for-tat” system. Targeted nations included China, Canada, Mexico. Japan, European Union, Vietnam, India, South Korea and Taiwan, which had all imposed much higher tariffs on ...