economy
March 11, 2026
Trump admin to announce trade investigations, aimed at replacing IEEPA tariffs: Reports
The Supreme Court, in a 6-3 ruling, said President Trump was not authorized by the International Emergency Economic Powers Act, IEEPA, to impose tariffs.
TL;DR
- The Trump administration is reportedly preparing to launch new trade investigations.
- These investigations aim to implement tariffs under Section 301 of the Trade Act of 1974.
- This move is intended to replace reciprocal tariffs recently declared illegal by the Supreme Court.
- The Supreme Court ruled that President Trump lacked the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).
- Following the ruling, Trump signed an executive order imposing a 10% "global tariff" under Section 122 of the Trade Act, which expires within 150 days.
- Treasury Secretary Scott Bessent expects tariffs to return to previous levels within five months.
- Bessent indicated that trade studies are being completed to support the imposition of new tariffs.
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