Trump pursues new import taxes to replace the tariffs the Supreme Court rejected
The US administration is pursuing new import taxes to replace tariffs rejected by the Supreme Court, with hearings starting this week on potential tariffs against 60 economies and 16 US trading partners. The new tariffs could punish countries for forced labor and overproduction, affecting 99% and 70% of US imports respectively.
The US administration is moving to establish new tariffs after the Supreme Court rejected previous ones in February. The Office of the US Trade Representative will hold hearings on two investigations, one into 60 economies accused of not prohibiting products made by forced labor, and another into 16 US trading partners alleged to be overproducing goods. The economies being investigated account for 99% and 70% of US imports. US Trade Representative Jamieson Greer has insisted he won't prejudge the investigations, but importers and foreign countries have expressed doubts about the fairness of the process. The new tariffs could result in higher prices for consumers and are likely to face court challenges. The administration aims to keep revenue flowing into the US Treasury and maintain the president's protectionist economic policies.
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