The levies push limits of presidential authority
From CNBC: 2025-03-04 11:05:11
President Trump’s emergency tariffs on Canada, Mexico, and China went into effect, impacting 40% of U.S. global trade. Importers face immediate financial hits, with prices on goods rising. Legal challenges and consumer impacts are expected. De minimis imports valued at $800 or less are also in the tariff crosshairs, causing disruptions in international shipping and tariff collection processes. Customs and Border Protection must remain flexible to adapt quickly to evolving threats and challenges for seamless operations. The delay for China on tariffs is “open ended” due to federal personnel and bandwidth challenges. Officials are working to determine how to handle the new volume of shipments and assess the levy effectively.