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The Trump administration is pursuing new tariffs after a Supreme Court ruling wiped out several import duties previously used for federal revenue.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Trump administration is pursuing new tariffs after a Supreme Court ruling invalidated several
00:07import duties the administration previously relied on for government revenue, according
00:12to Benzinga.
00:13Officials now aim to recover trillions in projected federal income that disappeared after the
00:18decision.
00:18U.S. Trade Representative Jamison Greer announced new investigations into whether government
00:23subsidies in foreign economies created excess industrial capacity that harms U.S. manufacturers.
00:29The probe will review policies affecting producers in the European Union as well as major trading
00:34partners, including China, Japan, and South Korea.
00:38A separate investigation will examine whether countries fail to block imports tied to forced
00:43labor practices.
00:44Public hearings are scheduled for April 28th and May 5th.
00:47For all things money, visit Benzinga.com.
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