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Market Chatter: Trump Administration Mulls Alternative Tariff Plans
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Market Chatter: Trump Administration Mulls Alternative Tariff Plans
May 30, 2025 4:11 AM

06:47 AM EDT, 05/30/2025 (MT Newswires) -- President Donald Trump's team is considering a twofold response in a bid to proceed with his aggressive trade policy following the recent legal developments and uncertainty surrounding certain of his tariffs, The Wall Street Journal reported Thursday, citing people familiar with the matter.

The Trump administration is contemplating a stopgap effort to impose tariffs under a provision of the Trade Act of 1974, which includes language allowing for tariffs of as much as 15% for 150 days, the unnamed sources told the news outlet. This would buy Trump the time to carve out individualized levies for each major trading partner under a different provision of the same law, according to the report.

The second step needs an extensive notification and comment process. However, it is viewed by administration officials as more legally defensible than the tariff policy that was deemed to be illegal earlier in the week, the WSJ reported.

The US Court of International Trade on Wednesday ruled that Trump overstepped his authority by imposing duties under the International Emergency Economic Powers Act. A federal appeals court on Thursday temporarily paused that ruling, creating uncertainty regarding Trump's current trade policy.

The White House did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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