Paulicus Publius

@phillypaul64.bsky.social

1 month ago

After this ruling, the cleanest unilateral fallback is Section 122 (Trade Act ’74)—a narrow tool allowing tariffs up to 15% for up to 150 days to address balance‑of‑payments problems. ⏳📉
Sources: Bloomberg Law (options after ruling) | Bloomberg overview (pre‑decision)
#Section122 #TradeAct

The Asiancy

@theasiancy.bsky.social

4 months ago

During their conversation, #ScottBessent touched on the major legal challenge facing #Trump's #tariffs = #import #taxes, but cited a few sections of the #TradeAct of 1964 which argued would provide a framework for keeping them alive if the #SupremeCourt rules against the trump administration taxes.