Washington, May 30 -- The Trump administration is reportedly weighing a backup strategy to impose tariffs on broad segments of the global economy, following recent legal setbacks. According to The Wall Street Journal, officials are considering using a rarely-invoked provision of the 1974 Trade Act that permits tariffs of up to 15% for a duration of 150 days to address trade imbalances.

This stopgap measure is part of a two-pronged approach being considered by former President Donald Trump's trade team. The administration may use this short-term tool to maintain pressure on trade partners while preparing more tailored tariffs under an alternative legal framework, which requires a lengthier consultation and notification process but is beli...