New judicial setback for Donald Trump: the United States Court of International Trade (CIT) has declared the 10% tariffs introduced last February unlawful.
According to the judges, the use of Section 122 of the Trade Act of 1974 would not be justifiable, as it allows the President to impose customs duties of up to 15% for 150 days solely to address “large and serious deficits in the balance of payments.” According to the Court, Trump’s decision would not meet these requirements.
Although for now it concerns only two companies that filed an appeal, the ruling marks a turning point against the American President’s blanket tariffs. Yet another political slap after the rejection by the Supreme Court of the previous reciprocal tariffs, introduced on Liberation Day.
