What economic powers does Trump have at his disposal?

What economic powers does Trump have at his disposal?

September 9, 2019, Marketplace

John Veroneau spoke with Marketplace about the President’s economic power and tariff law. According to Mr. Veroneau, the President could invoke Section 338 which gives the president broad authority to impose or raise tariffs if U.S. companies or interests are being discriminated against. He says that if Section 301 is used to address unfair trade practices, then that very rationale meets the criteria of Section 338. However, he added that unlike Section 301, Section 338 does not require the Office of the United States Trade Representative to perform a formal investigation. “I would argue it’s, in some ways, more broad than Section 301,” he adds.