A federal trade court ruled that Trump's 10% global tariffs are unlawful because the administration misread Section 122 of the Trade Act of 1974, which specifically distinguishes between a trade deficit and a balance-of-payments deficit—two different economic concepts that Congress deliberately separated in the law.
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Court of International Trade Strikes Down Trump's 10% Global Tariffs 2-1Ajouté :
A federal trade court just struck down Trump's 10% global tariffs in a two-to-one ruling. The court found the administration misread section 122 of the Trade Act of 1974. Specifically, that a trade deficit and a balance of payments deficit are not the same thing.
This is the second time a court has ruled Trump's tariff regime illegal, with the Supreme Court already affirming a prior block earlier this year.
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