{"id":139891,"date":"2026-07-21T15:08:12","date_gmt":"2026-07-21T19:08:12","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/trump-just-expanded-his-tariff-playbook-with-a-powerful-trade-weapon-no-president-has-ever-used-139891"},"modified":"2026-07-21T15:08:12","modified_gmt":"2026-07-21T19:08:12","slug":"trump-just-expanded-his-tariff-playbook-with-a-powerful-trade-weapon-no-president-has-ever-used","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/trump-just-expanded-his-tariff-playbook-with-a-powerful-trade-weapon-no-president-has-ever-used-139891","title":{"rendered":"Trump just expanded his tariff playbook with a powerful trade weapon no president has ever used"},"content":{"rendered":"<div>\n<p>President <a href=\"https:\/\/www.foxnews.com\/category\/person\/donald-trump\" target=\"_blank\" rel=\"noopener noreferrer\">Donald Trump<\/a> is opening a new chapter in his playbook by invoking a tariff authority that no previous president has ever used \u2014 a move that could reshape future trade wars.<\/p>\n<p>Trump used a little-known provision of the 1930 Tariff Act to impose 50% tariffs on a range of Canadian goods.<\/p>\n<p>Known as Section 338, the nearly century-old law gives the president broad authority to impose duties on imports from countries deemed to discriminate against U.S. commerce. Its first-ever use by a U.S. president could establish a new legal blueprint for future trade disputes.<\/p>\n<p>Canada, one of America&#8217;s top trading partners, is the first country targeted under the long-dormant authority, <a href=\"https:\/\/www.foxbusiness.com\/politics\/trump-administration-hits-canada-50-tariff-over-alleged-trade-discrimination\" target=\"_blank\" rel=\"noopener noreferrer\">with 50% tariffs covering exports<\/a> ranging from wine and hockey sticks to cement, dairy products and furniture.<\/p>\n<p><a href=\"https:\/\/foxnews.com\/politics\/trump-bet-tariffs-would-bring-back-american-factory-jobs-new-report-says-didnt-work\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>TRUMP BET TARIFFS WOULD BRING BACK AMERICAN FACTORY JOBS. NEW REPORT SAYS IT DIDN&#8217;T WORK<\/strong><\/a><\/p>\n<p>In a statement, Canadian Prime Minister Mark Carney criticized the tariffs as the latest in a series of U.S. trade actions he said violate the U.S.-Mexico-Canada Agreement while reaffirming Canada&#8217;s commitment to negotiations.<\/p>\n<p>The new duties are expected to take effect in the next 30 days.<\/p>\n<p>&#8220;The significant thing is Trump uncorked a new tariff statute that has never been used and is pretty wide open in terms of the president&#8217;s supposed power to impose tariffs,&#8221; Scott Lincicome, vice president of general economics at the Cato Institute, told Fox News Digital.<\/p>\n<p>&#8220;It&#8217;s a lot more about what could be coming and the new uncertainty that just got injected into a multi-trillion-dollar trading environment.&#8221;<\/p>\n<p>The law has taken on added significance since the <a href=\"https:\/\/www.foxbusiness.com\/politics\/supreme-court-confronts-executive-power-landmark-trump-tariff-ruling\" target=\"_blank\" rel=\"noopener noreferrer\">Supreme Court ruled against the administration&#8217;s use of emergency powers <\/a>for Trump&#8217;s &#8220;Liberation Day&#8221; tariffs, prompting new interest in alternative legal authorities.<\/p>\n<p>Against that backdrop, Lincicome said Section 338 could provide a broader legal avenue for imposing tariffs than authorities that have faced legal challenges or carry greater procedural constraints.<\/p>\n<p>Tariffs are taxes on imported goods that U.S. importers generally pay upfront. Businesses can absorb the costs or pass them on to wholesalers, retailers and consumers through higher prices.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/trump-defends-tariffs-says-us-has-been-the-king-being-screwed-trade-imbalance\" target=\"_blank\" rel=\"noopener\"><strong><u>TRUMP DEFENDS TARIFFS, SAYS US HAS BEEN \u2018THE KING OF BEING SCREWED\u2019 BY TRADE IMBALANCE<\/u><\/strong><\/a><\/p>\n<p>Lincicome said the limited scope of the tariffs may reflect political realities ahead of the midterms.<\/p>\n<p>&#8220;The president knows that the midterms are just a couple months away and that Americans generally don&#8217;t like tariffs because they associate them with affordability issues,&#8221; Lincicome said.<\/p>\n<p>David Clement, policy director at the Consumer Choice Center, argued the administration&#8217;s latest move appears designed to preserve Trump&#8217;s broader tariff agenda despite recent legal setbacks while increasing uncertainty for businesses.<\/p>\n<p>&#8220;I would actually view this as almost like a last-ditch effort to try and keep some tariffs on the table,&#8221; Clement told Fox News Digital. &#8220;All this means is that for roughly $20 billion in imports, they&#8217;re just going to pay more for them.&#8221;<\/p>\n<p>He said the bigger long-term risk is not the collapse of North American trade, but businesses delaying investment because of the uncertainty surrounding future tariff policy.<\/p>\n<p>Monthly tariff collections have more than tripled since Trump returned to office, rising from roughly $9 billion to more than $30 billion. The government collected $30.4 billion in duties in January, a 275% increase from a year earlier, bringing fiscal-year collections to $254.8 billion.<\/p>\n<p>Tariffs have been a defining feature of both of Trump&#8217;s presidencies, with the president arguing they protect American industries, <a href=\"https:\/\/foxnews.com\/politics\/trump-bet-tariffs-would-bring-back-american-factory-jobs-new-report-says-didnt-work\" target=\"_blank\" rel=\"noopener noreferrer\">boost domestic manufacturing<\/a> and strengthen the U.S. economy.<\/p>\n<p>But with affordability remaining a defining issue ahead of the midterms, any tariff policy that raises consumer prices is likely to face renewed political scrutiny.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/trump-expanded-tariff-playbook-powerful-trade-weapon-no-president-used\">Source &#8211; https:\/\/www.foxnews.com\/politics\/trump-expanded-tariff-playbook-powerful-trade-weapon-no-president-used <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump is opening a new chapter in his playbook by invoking a tariff authority that no previous president has ever used \u2014 a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-139891","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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