Donald Trump · Axios
What they're saying: In a 2-1 ruling, the trade court said that if the president can decide what counts
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Much of last month's hearing dealt with how to define such a crisis, and whether the nation is in one now.
Key facts
- Trump turned to Section 122, a never-before-used provision of the Trade Act of 1974, the same day the Supreme Court struck down the bulk of his tariffs in February, imposing a 10% across-the-board
- What they're saying: In a 2-1 ruling, the trade court said that if the president can decide what counts as a "balance-of-payments deficit," he can always find one, allowing the law to be triggered
- This decision will surely be appealed by the administration, and there is already a 'plan C' in place: the section 301 investigations that are already underway," Tim Brightbill, co-chair of the law
- The Court of International Trade on Thursday ruled that President Trump's newest round of tariffs were illegal, but the duties will keep collecting for most importers while the administration appeals
Summary
The Court of International Trade on Thursday ruled that President Trump's newest round of tariffs were illegal, but the duties will keep collecting for most importers while the administration appeals. It is yet another legal setback for the White House's trade policy, this time ruling against the suite of tariffs that officials imposed to replace those struck down by the Supreme Court. Trump turned to Section 122, a never-before-used provision of the Trade Act of 1974, the same day the Supreme Court struck down the bulk of his tariffs in February, imposing a 10% across-the-board surcharge set to expire July 24. The trade statute allows the president to impose a temporary tariff of as much as 15% for up to 150 days to address "large and serious" balance-of-payments deficits.