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The Trump administration seeks tariff plan Plan B to allow tariffs of up to 15% over 150 days

Online reports, according to the Wall Street Journal, this week, a court ruled that Trump's use of emergency economic powers to impose sweeping tariffs was illegal, weakening the administration's tariff strategy. A federal appeals court on Thursday allowed its tariffs to remain in effect while the government appeals, but with the strategy under threat, the president's team is considering a dual response, according to people familiar with the matter. First, people familiar with the matter said, the government is considering a stopgap measure to impose tariffs on most areas of the global economy under a never-before-used provision of the Trade Act of 1974, including allowing tariffs of up to 15% within 150 days to resolve trade imbalances with other countries. This would buy Trump time to design personalized tariffs for each major trading partner based on different provisions of the same law to combat unfair foreign trade practices. The second step requires a lengthy process of notification and comment, but in the eyes of government officials it is more legally defensible than the tariff policy that was found illegal this week. People familiar with the matter also said the conversation remained uncertain and the government had not yet made a final decision. (Jin Shi)

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