Trump Assures His New Tariffs Will Not Require Congressional Approval
Portafolio Journalist 02.25.2026 08:43 Updated: 02.25.2026 08:43
TL;DR
- President Trump announced new 10% tariffs will not need Congressional approval.
- He believes these tariffs will replace individual income taxes.
- The Supreme Court ruled against Trump's previous use of the International Emergency Economic Powers Act for tariffs.
- Trump is using the Trade Act of 1974 to implement the new tariffs.
- He expressed that the tariffs would be more robust than before.