The Economic Times

What are Sections 232, 301 and 122 of different trade acts? Special sections of US trade laws used by President Donald Trump to impose tariffs explained

What are Sections 232, 301 and 122 of different trade acts? President Trump announced a new 10% global tariff under Section 122 after the Supreme Court struck down some emergency tariffs. Sections 232 and 301 tariffs remain in place. These laws allow presidents to impose tariffs for national security or trade imbalance reasons.