President Donald Trump’s administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15 per cent for 150 days, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The administration has not made a final decision and it could wait to impose any plans after a federal appeals court on Thursday temporarily reinstated the most sweeping of Trump’s tariffs following a trade court ruling to immediately block them, the report added.
