Navarro: U.S. still planning 15 percent tariffs, using Section 232 to replace IEEPA regime

The Trump administration is still planning to raise temporary global tariffs from 10 percent to 15 percent and to use Section 232 of the Trade Expansion Act of 1962 to approximate the “emergency” duties struck down by the Supreme Court last month, White House trade adviser Peter Navarro said on Wednesday. After that ruling, President Trump invoked Section 122 of the Trade Act of 1974 to impose 10 percent global tariffs. A day later, he said he would raise the...