Trump Administration Eyes Tariffs on Six Key Industries
The Trump administration is reportedly considering new national security tariffs on a range of strategic sectors, including large batteries, steel products, plastic pipes, industrial chemicals, power grid components, and telecom infrastructure.
Based on Section 232 of the Trade Expansion Act of 1962
These tariffs would be implemented under Section 232 of the Trade Expansion Act of 1962, which allows the President to impose restrictions if imports threaten to impair national security. While no timeline has been announced, the President retains broad authority once tariffs are enacted.
Separate from Global 15% Minimum Tax
Importantly, these potential tariffs are unrelated to the global 15% minimum tax agreement, indicating a distinct shift in trade policy direction.
Potential Impacts
- Domestic industries may see short-term protection
- International trade tensions could rise
- Global supply chains may need to adjust