US trade court weighs legality of Trump’s 10% global tariff

Port of Los Angeles, in the United States Reuters A United States commercial court will analyze, this Friday (10), the legality of a 10% global import tax adopted by the Trump administration. According to several states and small companies, the measure circumvents a Supreme Court decision that invalidated most of the previous tariffs imposed by the American president. 🗒️Do you have any reporting suggestions? Send to g1 A group of 24 states — mostly governed by Democrats — and two small companies sued the court to block the new tariffs, in effect since February 24th. A panel of three judges will hear arguments this Friday. See the trending videos on g1 See the trending videos on g1 In his second term, Trump made tariffs one of the pillars of his foreign policy, claiming to have broad authority to apply them without Congressional approval. The administration maintains that the global charge is a legal and appropriate response to the persistent trade deficit resulting from the fact that the United States imports more than it exports. 🔎 The tariffs were implemented based on Section 122 of the Commerce Act of 1974, which allows for the application of rates of up to 15% for a period of up to 150 days in cases of “large and serious balance of payments deficits” or to prevent an imminent devaluation of the dollar. The plaintiffs, however, argue that this authority is limited to short-term monetary emergencies. They also state that recurring trade deficits do not fit the economic definition of “balance of payments deficits”, as shown in the cases presented to the Court of International Trade, in New York. The new tariffs were announced on February 20, the same day the Supreme Court dealt Trump a significant defeat by striking down a broad set of previous tariffs. In its ruling, the court concluded that the International Emergency Economic Powers Act does not grant the president the authority he claimed to have.

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