2 articles
Twenty-four states and two small businesses are challenging President Trump's global tariffs, arguing he lacks the authority under Section 122 of the Trade Act of 1974. This legal battle follows a Supreme Court ruling that limited similar emergency tariff powers.
Donald Trump's recent 15% tariffs are facing significant legal challenges, largely due to his own administration's previous arguments against using the invoked statute, Section 122 of the Trade Act of 1974. Experts highlight that this law is designed for balance of payment crises, not trade deficits, and Trump's own claims of economic prosperity contradict the conditions required for its use.
