Treasury’s Tariff Pivot Under Fire | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews The U.S. Treasury lost a major revenue stream after the Supreme Court struck down its biggest tariffs, forcing a fast-moving pivot to Section 301 trade sanctions before a July deadline. With midterm elections looming and inflation biting, lawmakers are reluctant to extend emergency tariffs—but the administration’s legal playbook includes targeted sanctions on unfair trade practices, like those recently imposed on Brazil. Trade lawyers say the switch is likely, though new investigations into forced labor and overproduction carry legal and economic risks. The Treasury, once flush with tariff cash, now faces a shortfall and must act quickly to avoid a fiscal stumble. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c98e86a38ab473a6