US Trade Court Strikes Down Trump’s 10 Percent Global Tariffs

The U.S. Court of International Trade on May 7 struck down President Donald Trump’s 10-percent global tariffs under the Trade Act of 1974.
The court ruled 2–1 in favor of small businesses and several states that contested the tariffs, which had taken effect on Feb. 24. The dissenting judge said it was premature to rule on the dispute.
The challengers had argued that the tariffs were the Trump administration’s attempt to sidestep a U.S. Supreme Court ruling that struck down the president’s tariffs levied under the International Emergency Economic Powers Act.
The tariffs consisted of temporary 10 percent value-based import duties imposed in addition to existing tariffs on most goods entering the United States from all countries…. 

Leave a Reply