Latest / Durham News Today | 2 Min News | The Daily News Now!
Tariffs in Turmoil Before July Deadline | Durham News
The U.S. Treasury’s sudden windfall from import taxes hit a wall after the Supreme Court struck down key tariffs in February, forcing the administration to scramble before July 24th — the deadline for expiring Section 122 tariffs. With Congress unlikely to extend them amid voter backlash over high prices, the White House is pivoting to Section 301, which allows legally defensible tariffs against unfair trade practices — already used against China and now targeting Brazil. While this move may plug the revenue gap, it introduces new uncertainty for businesses and could pave the way for more…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.