...recent China increases, today Mexico... is there no check on his power to raise/lower tariffs? His tariff increases are ultimately messing with supply chains, sending us into a “faux” bear market. I heard some vague reference to a 1978 law that gives him unilateral power over tariff increases. Anyone know anything about this? Thx, Keith :^)
International Emergency Economic Powers Act of 1977 allows tariff powers during a national emergency. Trading with the Enemy Act of 1917 allows tariff powers during war. Trade Act of 1974 gives him unilateral tariff power in general.
https://www.cnn.com/2019/05/31/politics/mexico-tariffs-emergency-powers-act/index.html Where Trump's 'emergency power' on tariffs comes from
Lewzer snowflakes use tariffs. "I'm taking my ball home. You don't place nice". Huawei is ahead on G5.