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Court weighs Trump's global tariffs after Supreme Court setback

1 min read
Source: PBS
Court weighs Trump's global tariffs after Supreme Court setback
Photo: PBS
TL;DR

A U.S. Court of International Trade hearing in New York is considering overturning President Trump's temporary global tariffs after the Supreme Court ruled IEEPA could not justify them; Trump may rely on Section 122 of the Trade Act of 1974, which would allow up to 15% global tariffs for 150 days with congressional approval, but questions remain about its applicability to trade deficits and the tariffs' July 24 expiration.

Topics:nationeconomy#court-of-international-trade#economy#ieepa#section-122#tariffs#trump
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  1. Federal court hears new case against Trump's latest global tariffs  PBS
  2. Trade court wrestles with Trump’s replacement tariffs  Politico
  3. President Trump tried a new tariff strategy, but it still landed in court  MS NOW
  4. Judges appear skeptical of legal challenge to Trump's 10% tariff  ABC News
  5. US federal court hears new case against Trump tariffs  Al Jazeera

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