Legal Battles Over Tariff Authority
Tariff lasts up to 150 days without prior investigation.
Legal challenges claim Trump overstepped authority.
Congress holds power to tax and impose tariffs.
Administration claims tariff brings $650B in revenue.
U.S. tariff average rose from 2.5% to 17%.
Historical Smoot-Hawley tariffs used by Congress.
Section 338 of Trade Act considered as fallback.
Section 301 investigations are slow.
3 hours ago