Trump is invoking Section 122 of the Trade Act of 1974, enabling him to bypass Congress and impose a 15% tax on imports from around the world. The new tariffs would come under a law that restricts them to 150 days.<\/p>\n\n\n\n
This is the new baseline, often layering on top of the already active, higher-duty, or industry-specific measures such as:<\/p>\n\n\n\n
\u2022Section 232 – National Security Tariffs on steel, aluminum, copper, and softwood lumber<\/p>\n\n\n\n
\u2022Sector-Specific Duties: Tariffs on automobiles, auto parts, pharmaceuticals, and certain electronics<\/p>\n\n\n\n
\u2022Furniture and Household Goods: current 25% tariff on certain upholstered furniture, kitchen cabinets, and vanities<\/p>\n\n\n\n
Textiles and apparel from Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua will remain duty-free under the Dominican Republic-Central America Free Trade Agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trump is invoking Section 122 of the Trade Act of 1974 Trump is invoking Section 122 of the Trade Act of 1974, enabling him to bypass Congress and impose a 15% tax on imports from around the world. The new tariffs would come under a law that restricts them to 150 days. This is the new baseline, often layering on top of the already active, higher-duty, or industry-specific measures such… Read More<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[27,28,1,9,7,8],"tags":[],"class_list":{"0":"post-97","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-accounting-and-bookkeeping","7":"category-consumer-product-goods-industry","8":"category-fractional-cfo-services","9":"category-fractional-controller","10":"category-interior-design-creative-industry","11":"category-small-business-accounting","12":"entry"},"_links":{"self":[{"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/posts\/97","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/comments?post=97"}],"version-history":[{"count":4,"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/posts\/97\/revisions"}],"predecessor-version":[{"id":104,"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/posts\/97\/revisions\/104"}],"wp:attachment":[{"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/media?parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/categories?post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tekioadvisorsllc.com\/blog\/wp-json\/wp\/v2\/tags?post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}