“The White House said the new tariffs take effect Feb. 24. Trump’s proclamation exempts a long list of products from the new levies, including beef, tomatoes, oranges, pharmaceuticals, passenger vehicles and certain critical minerals. It also excludes products governed by a trade deal with Canada and Mexico.
Trump vowed Feb. 20 to forge ahead and enact tariffs through other methods after the high court ruled the president doesn’t have the congressional authority to impose tariffs under the 1977 International Emergency Economic Powers Act.
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Trump cited another section of the 1974 Trade Act for the 10% tariffs. The new tariffs apply to countries that send the United States more than they import. But that type of tariff lasts for only 150 days, unless Congress votes to extend them.
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U.S. Trade Representative Jamieson Greer said investigations over unfair trade practices could lead to other tariffs. Trump’s proclamation directs Greer to “investigate certain unreasonable and discriminatory acts, policies, and practices that burden or restrict U.S. commerce.”
“We have a lot of tools out there,” Greer said. “You can look forward in the coming days and weeks to see all of that come out.””