According to a report from the Wall Street Journal, the White House is contemplating the imposition of new tariffs on several industrial sectors after the U.S. Supreme Court deemed President Donald Trump's previous extensive tariffs illegal. In response to this ruling, Trump has established new global tariffs set at 15%. The potential new tariffs could target industries involved in the production of large batteries, cast iron and steel fasteners, plastic pipes, industrial chemicals, as well as electrical grid and telecommunications devices, sources familiar with the matter indicated to the American outlet.

The proposed tariffs would be enacted under Section 232 of the Trade Expansion Act of 1962, which empowers the president to impose tariffs citing national security concerns. This could represent a significant shift in trade policy, as these new tariffs would be distinct from the previously announced 15% global tariffs, which are grounded in Section 122 of the Trade Act of 1974. This section allows for a maximum of 15% tariffs to be applied for a duration of up to 150 days, after which Congressional approval is required for continuation.

The consideration of these tariffs reflects the ongoing tensions in U.S. trade policy and may have broader implications for various sectors of the economy. By targeting specific industries, the administration appears focused on enhancing domestic production and addressing perceived vulnerabilities in the supply chain, which could influence both national and international economic dynamics. However, the long-term impact on relationships with trading partners remains to be seen as these developments unfold.