Trump Faces Tariff Red Tape

“Presidents have expansive power over trade policy — but that power is derived from specific legal provisions that dictate multistep processes for deploying that power,” Axios reports.

“That means that businesses may not face the overnight imposition of large-scale tariffs but instead have time to prepare their supply chains, and the opportunity to seek exclusions for goods they have no choice but to import — at least, to the extent President-elect Trump follows his first-term trade playbook.”