What To Know About Trumpâs Latest Tariffs Being Struck Down
A federal trade court has struck down President Donald Trumpâs latest Section 122 tariffs, halting the 10% levy on most imports and opening the door to another round of refund claims for U.S. companies. The ruling comes just weeks after the Supreme Court invalidated Trumpâs earlier use of the International Emergency Economic Powers Act of 1977 to impose sweeping global tariffs.ăăFollowing that decision, Trump turned to the seldom-used Section 122 to issue a new 10% tariff on most imported goods. But with this latest setback, uncertainty has grown over what future tariffs may look like and how far the administration can go in imposing them without congressional approval. Despite the legal defeats, Trump has remained steadfast in seeking new avenues to apply tariffs on goods entering the U.S.ăăTrumps Tariff Strategy, RevisitedăăEarly in his second term as President, Trump invoked the IEEPA to impose sweeping tariffs on Canada, Mexico and China. A couple of months later, on âLiberation Day,â Trump used the same law to impose a 10% tariff on most goods imported globally, as well as tariffs on specific countries labeled as reciprocal tariffs.ăăHowever, one key issue with these tariffs kept surfacing â the U.S. Constitution assigns tariff authority to








