Costco(US:COST) Benzinga·2026-02-24 07:11Core Viewpoint - The U.S. administration is considering new national security-based tariffs across various industries following a setback in the Supreme Court regarding previous tariffs under the International Emergency Economic Powers Act (IEEPA) [1] Group 1: Proposed Tariffs - The proposed tariffs may affect sectors such as large-scale batteries, cast iron, plastic piping, industrial chemicals, and telecommunications equipment, under Section 232 of the Trade Expansion Act of 1962 [2] - The timeline for the tariff investigations by the Commerce Department is uncertain, as Section 232 requires investigations before tariffs can be imposed, but the president can adjust them unilaterally once in place [3] Group 2: Existing Tariff Overhaul - The administration is also planning to revise existing national security tariffs on steel and aluminum, which may lower headline rates but apply duties to the full value of imported products, potentially increasing overall costs for companies [5] Group 3: Ongoing Investigations - In addition to new probes, the administration is considering Section 232 tariffs on nine industries, including semiconductors, pharmaceuticals, drones, industrial robots, and solar-grade polysilicon, with some investigations potentially being fast-tracked [4] Group 4: Global Response - The proposed Section 232 tariffs are separate from other duties announced by the Trump administration, which include increasing the global tariff rate to 15% from 10% for five months, alongside tariffs scheduled under Section 301 of the Trade Act [6]