Miner Company
Trump Claims He Doesn't Need Congress For Tariffs—Why That's True Yet Misleading
Section 122 Tariffs: Presidents can implement tariffs under Section 122, like the ones Trump imposed in the wake of the court's ruling, “to deal with large and serious United States balance-of-payments deficits,” or to stop the U.S. dollar from plummeting in foreign exchange markets. The tariffs are capped at 15% and cannot be in effect for more than 150 days, meaning they're more limited than the IEEPA tariffs.
Section 122 Tariffs: Presidents can implement tariffs under Section 122, like the ones Trump imposed in the wake of the court's ruling, “to deal with large and serious United States balance-of-payments deficits,” or to stop the U.S. dollar from plummeting in foreign exchange markets. The tariffs are capped at 15% and cannot be in effect for more than 150 days, meaning they're more limited than the IEEPA tariffs.