Trade court strikes down Trump 10% universal tariffs
Summary
A U.S. trade court ruled that President Trump's latest 10% tariffs are illegal because the law does not give him unlimited power to impose them. However, the tariffs will likely stay while the administration appeals and may be replaced by new tariffs before they expire in July.Key Facts
- The Court of International Trade said President Trump’s use of a 1974 trade law to impose 10% tariffs was not allowed.
- These tariffs were created after the Supreme Court struck down earlier tariffs in February.
- The law allows temporary tariffs up to 15% for up to 150 days to fix serious balance-of-payments problems.
- The court said the president cannot decide too broadly what counts as a balance-of-payments deficit to impose tariffs anytime.
- Small businesses challenged the tariffs, arguing they harm their operations.
- Most state attorneys general were dismissed from the case because their harm was too indirect.
- The administration plans to appeal the ruling and may use other trade tools (Section 301 investigations).
- The current tariffs expire in July, but new tariffs might be put in place before then.
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