The Trump administration is reportedly considering using an existing law to impose 15% tariffs for 150 days on parts of the global economy. A final decision is yet to be announced.
According to a Wall Street Journal report, President Donald Trump’s administration is considering using an existing law to impose tariffs of up to 15% for 150 days on parts of the global economy.
A final decision has not been made, and plans could be delayed after a federal appeals court temporarily reinstated Trump’s broadest tariffs following the US Court of International Trade’s ruling to block them.
Earlier, on 28 May 2025, the United States Court of International Trade ruled in cases brought by small businesses and several US states, including Oregon, against the Trump Administration’s tariffs enacted under the International Emergency Economic Powers Act of 1977 (IEEPA).
However, on 29 May 2025, the US Court of Appeals for the Federal Circuit issued an administrative stay to review an appeal from the Trump Administration. For now, the tariffs remain in effect.
On April 2, 2025, US President Donald Trump signed an executive order imposing a 10% tariff on imports from all countries, targeting nations with the largest US trade deficits.
Since then, the White House has paused most of Trump’s April tariffs. However, Trump kept a 10% tax on most imports and later lowered his 145% tax on Chinese goods to 30%.
