Trump administration’s new tariff regime exempts art and antique imports from most countries
After the US Supreme Court struck down the White House’s previous tariffs, Trump and his trade representative have imposed new tariffs of 10% or more on around 80 countries
The United States Trade Representative’s office has announced that art, antiques, and collectibles from most countries will be exempt from the new tariffs announced by President Donald Trump. The decision, which was welcomed by the international trade association Cinoa, comes after the Trump administration was urged to consider the unique nature of the art market.
The tariffs on 80 countries range from 10% to 12.5%, while a sweeping 50% tariff was imposed on imports from Canada due to allegedly "discriminatory treatment of American products." Trump's administration is investigating whether 16 countries, which account for 70% of US imports, engage in unfair trading practices such as forced labor and overproduction.
The high court previously ruled that the Trump administration's previous tariff regime was unconstitutional, as it is Congress, not the president, who holds the power of taxation and tariff-setting. The new tariff regime is based on the Trade Act of 1974, which permits the president to impose import taxes and sanctions against countries that use unjustifiable, unreasonable, or discriminatory trade practices.
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