Trump Unveils Trade Weapons, Shaking Global Economy after Tariff Ruling

After the US Supreme Court invalidated Reciprocal Tariffs, the Trump administration still has multiple trade 'weapons' to immediately retaliate against trading partners. The Trade Policy and Strategy Office revealed that the US has 6 trade tools that can be used as tax instruments, including: 1. Section 232 of the Trade Expansion Act of 1962, which allows the US President to implement trade measures citing national security concerns, such as raising taxes, setting quotas, or banning imports without a fixed implementation period. 2. Trade Act of 1974 - Section 122 gives the US President power to set comprehensive import tax rates up to 15% without Congressional approval, applicable for up to 150 days. Other provisions include measures to combat market dumping, investigate unfair trade practices, and address economic emergencies, providing the president significant flexibility in trade policy.