TechFlow news, on May 30, according to Jinshi Data citing The Wall Street Journal, a court ruled this week that Trump's use of emergency economic powers to impose sweeping tariffs was illegal, weakening the administration's tariff strategy. On Thursday, a federal appeals court allowed the tariffs to remain in effect during the government's appeal, but sources said that, with this strategy under threat, the presidential team is considering a two-pronged response. According to sources, first, the government is considering a stopgap measure using an unused provision of the Trade Act of 1974 to impose tariffs across large sectors of the global economy, including allowing tariffs of up to 15% within 150 days to address trade imbalances with other countries. This would buy Trump time to design customized tariffs under different provisions of the same law for each major trading partner, aimed at combating unfair foreign trade practices. The second step would require a lengthy notice and comment process, but officials view it as legally more defensible than the tariff policy declared illegal this week. Sources also said discussions are still fluid and no final decision has been made.
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