Administration Pursues New Import Taxes to Replace the Tariffs SCOTUS Rejected

When the Supreme Court of the United States (SCOTUS) terminated his favorite tariffs in February, President Donald Trump promptly rolled out temporary import taxes to replace them. But those stopgap levies expire in less than three months.

Now the administration is scrambling to put more durable tariffs in place to keep revenue flowing into the U.S. Treasury and to shore up the president’s protectionist wall around the American economy.

Starting this week, the Office of the U.S. Trade Representative will begin hearings in two investigations that are expected to lead to a new round of U.S. tariffs — taxes paid by importers in the United States and usually passed on via higher prices to consumers who are already fed up with the high cost of living.

Please select this link to read the complete article from The Associated Press.